In response to customer needs they are requesting their second group loan from the Soro Yiriwaso MFI, having fully repaid the first one.
They sell atiécké (cassava grits), firewood and prepared meals. With their new loan they will buy: one 100-kilo bag of atiecké, one 100-kilo bag of rice, four packages of food condiments (for their catering business), and 1 ½ pickup loads of firewood.
They get their supplies from the main market in Sikasso, and from area villages. They resell their products in Sikasso or in the villages, as itinerant vendors or from a fixed location, for cash but often for credit, to a customer base of both men and women.
They hope to reach average monthly earnings of 27,500 FCFA each, of which a part will go to savings and taking care of family needs, and the rest reinvested in the business activities.
Elles sont à leur deuxième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Le prêt précédent a été remboursé sans difficulté.
Elles font la vente d’atiécké, du bois de chauffe et de la restauration.
Avec leur nouveau prêt, elles comptent acheter, 1sac de 100kg d’atiécké, 1sac de 100kg de riz, 4paquets de condiments alimentaires (pour faire la restauration) et 1 chargement et ½ de camionnette en bois de chauffe.
Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages environnants. Elles vendent à Sikasso ville et dans les villages environnants de façon fixe et ambulante, au comptant, souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 27.500 FCFA 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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