They are taking out their third loan from the microfinance institution, Soro Yiriwaso, with the aim of increasing their turnover. This group of women trade in "pagnes" (colourful West African fabric), condiments and, in the case of Mawa O., cereals such as rice. Mawa O. is planning to buy three 50kg bags of rice with her loan. She gets her supplies at the market in Loulouni and in fairs in neighboring villages. The rice is resold on a retail basis at the market in Loulouni, to a customer base made of men and women, for cash. She envisages making an average monthly profit of 7,000FCFA, of which part will be saved for social purposes and the rest invested in her business.
Elles sont à leur troisième collaboration avec l’institution de microfinance Soro Yiriwaso dans le but d’accroitre leur chiffre d’affaire.
Ce groupe de femme exerce le commerce de pagnes, de condiments alimentaires et de céréales telle le riz avec Mawa O.
Mawa O. compte acheter avec son prêt, 3 sacs de 50 kg de riz . Elle s’approvisionne au marché de Loulouni et dans les foires des villages voisins.
Le riz est revendu en détail au marché de Loulouni à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 7 000 FCFA dont une partie sera utilisée en épargne pour des fins sociaux et 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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