The women of the group are now on their first solidarity loan with the micro-finance institution Soro Yiriwaso. They intend to use this loan to buy a large quantity of dried grains (pearl millet, corn) and a major stock of condiments. Supplies are gotten essentially from producers and wholesalers. Sales are made at the Fana market and at home. Generally cash is accepted from customers composed of women and men.
The group members each envision making an average monthly profit of 9,000 francs CFA that will be used to provide for the family. The rest will be invested in their businesses.
Ces femmes du groupe qui se sont connus à travers des liens de voisinage et de parenté font essentiellement l’achat et la vente de produits alimentaires tels les grains de céréales et les condiments alimentaires.
Ces femmes du groupe Sabougnouma sont à leur premier prêt solidaire avec l’institution de microfinance Soro Yiriwaso.
Elles comptent utiliser ce prêt pour acheter, une grande quantité de grains de céréales sèches ( petit mil, maïs) et un important stock de condiments alimentaires.
Elles s’approvisionnent essentiellement auprès des producteurs et grossistes et effectuent leurs ventes au marché de Fana, à domicile, généralement au comptant, à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen mensuel de 9.000FCFA qui sera utilisé pour subvenir aux besoins de la famille 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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