They collaborate with the microfinance institution Soro Yiriwaso in order to better satisfy their customers’ demands, and this would be their fourth joint loan. All previous loans have been repaid.
They sell peanuts, atiécké (a starchy food made from cassava), fresh fish, shoes and pagnes (a type of West African wrap cloth). With this new loan, they plan to purchase 150 kg ( 330 lbs) of peanuts, 100 kg (220 lbs) of atiecke, 10 kg (22 lbs) of fish, 3 dozen pairs of plastic shoes and 10 sets of pagnes. They purchase their stock in the market of the town of Sikasso and in the nearby villages. They sell their goods at the markets of Kamalen Sirakoro, on the street or at home, for cash and often on credit, to a customer base composed of both men and women.
They plan to reach a medium monthly income of approximately 23,500 West African Francs for each member of the group; a part of that income would be used for savings and for their families’ needs, and the rest invested in the business.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur quatrième prêt solidaire. Tous les prêts précédents se sont dénoués.
Elles font la vente d’arachide, d’atiecké, de poissons frais, de chaussures et de pagnes.
Avec leur nouveau prêt, elles comptent acheter, 150kg de grains d‘arachides, 100kg d’atiécké, 10kg de poissons, 3 douzaines de paires de chaussures en plastique et 10 pièces de pagnes real.
Elles s’approvisionnent au marché de Sikasso ville et dans les villages avoisinants. Elles vendent aux marchés de Kamalen Sirakoro, de façon ambulante et à domicile, au comptant et souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 23.500FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera investie 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