These women buy and resell grain, culinary condiments, fruit and vegetables, soap, clothing and beauty products. Having correctly reimbursed three previous loans, the women from the Yiriwa group are requesting a fourth group loan which will used to buy: packages of a variety of culinary condiments such as pepper, onions, Maggi cubes, tomato paste, kitchen salt, sounbala (spicy seasoning), but also children’s clothing and cartons of soap and beauty products.
They get their supplies mainly from local wholesalers and resell their products at the market, for cash or credit, to a customer base of both men and women.
Each member of the group foresees monthly profits to reach 20,000 FCFA on average. Profits will be used to deal with family expenses and reinvested in the business activities.
Ces femmes font l’achat et la vente de céréales, de condiments alimentaires, des fruits et légumes, des savons, des vêtements et des produits cosmétiques.
Après avoir correctement remboursés les trois prêts précédents, les femmes du groupe Yiriwa sont à leur quatrième prêt solidaire qui sera utilisé pour acheter, des colis de plusieurs variétés de condiments alimentaires telles les poivres, les oignons, les cubes maggies, les concentrées de tomates, les sels de cuisine, les sounbala, des habillements pour enfants des cartons de savons et produits cosmétiques.
Elles s’approvisionnent essentiellement sur place auprès des grossistes et effectuent leurs ventes au marché, au comptant et à crédit, à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen mensuel de 20.000FCFA qui servira utilisé pour subvenir aux besoins de la familles et investir le reste dans les activités.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid