This group of women sells various food items.
With the goal of increasing their working capital, they decided to join the loan program of Soro Yiriwaso (one of Kiva's field partners), with whom they are on their second group loan. Their first loan was repaid properly.
This second loan will be used to buy 180 bags of baobab leaves, 140 bags of fakoye leaves, 5 bags of iodized salt, 1 bag of rice, and 50 kg of dried or smoked fish. They get their supplies at the market fair in Ségou and in the villages of Benzena, Wessebougou, Donzana, and Sonkebougou. The products are re-sold at home, door-to-door, and at different markets in Ségou, at retail, in cash or on credit, to a clientele composed of men and women
They hope to realize an average monthly profit of 26,000 FCFA, which will be used to provide for the health and education of their children.
Ce groupe de femmes fait le commerce d’articles divers et alimentaires.
Dans le souci d’augmenter leurs fonds de commerce, elles ont décidés d’intégrer le programme crédit de Soro Yiriwaso avec qui elles sont à leur 2ème prêt de groupe. Le premier a été bien remboursé.
Ce deuxième prêt sera utilisé pour acheter, 180sacs de feuilles de baobab, 140sacs de fakoye, 5 sacs de sel iodé, 1sac de riz et 50kg de poissons séchés ou fumés. Elles se ravitaillent à la foire de Ségou et dans les villages de Benzena, Wessebougou, Donzana et Sonkebougou. Les produits sont revendus en détail, au comptant et à crédit à une clientèle composée d’hommes et de femmes à domicile, en ambulant et dans les différents marchés de Ségou.
Elles espèrent réaliser un bénéfice mensuel moyen de 26.000FCA qui sera utilisé pour les soins de santé et la scolarisation des enfants.
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