The women in the Kotognontala group are on their fourth group loan, which will be used to buy four bags of cereals and condiments for catering purposes. They get their supplies of cereals from local wholesalers, and their condiments are purchased at neighboring fairs. They sell locally and in surrounding fairs, on a retail basis for cash and on credit, to a customer base made up of women and men. They are expecting to make an average monthly profit of 35,000 FCFA, which will be used to cover expenses relating to health, food and school fees; the balance will be reinvested in their business.
Elles se sont connues à travers des liens professionnels et de parenté et font le commerce de céréales, d’ustensiles de cuisine et de condiments alimentaires.
Les femmes du groupe Kotognontala sont à leur quatrième prêt solidaire qui sera utilisé pour acheter, 4 sacs de céréales et des condiments destinés à la restauration.
Elles s’approvisionnent en céréales avec les grossistes de la place et les condiments sont achetés dans les foires voisines. Elles effectuent leurs ventes sur place et dans les foires environnantes, au comptant, en détail et à crédit, à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen mensuel de 35 000F CFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, aux frais scolaires et le reste sera réinvesti 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