They met through family connections and sell cakes, macaroni, grains and peanut butter.
This is the first group loan for the women of the Wassa group and Sadio C., of the group, plans to use her loan to buy several sacks of peanuts in order to make peanut butter.
Sadio usually gets her supplies in Dioïla and the surrounding area, from small country farmers, and conducts her sales there as well, wholesale, retail and credit, in the Dioïla market and in nearby markets, to a customer base made up mostly of women.
Sadio believes she will see an average monthly profit of 20,000 CFA francs, which will be used for the daily expenses of her family and the rest will be reinvested in her business.
Elles se sont connues à travers des liens de parenté et font le commerce de gâteaux, de macaroni, de céréales et de pâte d’arachide.
Ces femmes du groupe Wassa sont à leur premier prêt solidaire et Sadio C. du groupe, compte utiliser son prêt pour acheter quelques sacs d’arachide afin de les transformation en pâte d’arachide.
Elle s’approvisionne généralement à Dioïla et environnants auprès des paysans producteurs et effectue sa vente sur place, au marché de Dioïla et dans les foires environnantes, au comptant, en détail et à crédit, à une clientèle composée surtout de femmes.
Elle compte réaliser un bénéfice moyen mensuel de 20.000FCFA qui sera utilisé dans les dépenses quotidiennes de la famille et le reste sera réinvesti dans les activités de commerce.
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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