Having met with many difficulties to buy food condiments for cash from their suppliers, they decided to join the microfinance institution Soro Yiriwaso. This is their ninth group loan. They repaid their previous eight loans without any difficulty.
The women will use their loan to buy 200 kilograms of onions, 250 kilograms of cooking salt and 50 packs of 100 bouillon cubes. They will buy all these condiments at the market of Bougouni and retail them for cash or credit to a clientele made up mainly of women.
Thanks to the loan, they expect to make an average monthly profit of 20,000 CFA francs, which they will spend on healthcare and school fees for their children.
Ces femmes se sont connues par des relations de parenté.
Après avoir rencontré beaucoup de difficultés à acheter des condiments alimentaires au comptant avec leurs fournisseurs, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso.
Elles sont à leur neuvième prêt de groupe après avoir remboursés les huit précédents prêts sans aucune difficulté.
Avec ce prêt elles comptent acheter, 150kg d’oignon, 250kg de sel de cuisine et 50 paquets de 100 morceaux de cube maggi. Tous ces condiments sont achetés dans le marché de Bougouni pour être revendus en détail, au comptant ou à crédit à une clientèle composée essentiellement de femmes. Avec ce prêt les femmes espèrent réaliser un bénéfice mensuel de 20.000 FCFA qui sera utilisé pour soutenir les frais de santé et d’éducation 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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