They are on their fifth loan from the microfinance institution, Soro Yiriwaso, with the goal of satisfying their customers' needs. The previous loans have all been repaid in full.
They have various activities, which include the sale of fruit and vegetables, fish, firewood, charcoal and wood, and condiments; Kadi B. sells the latter. With her new loan she is planning to buy five baskets of cabbages, three sacks of "jakatou" (a vegetable belonging to the eggplant family), five baskets of fresh tomatoes, ten sacks of onions and five sacks of spices. She gets her supplies at the large market in Sikasso and in neighboring towns. The products are sold at the market and within the family or on order, to a customer base made up essentially of women, and mainly for cash. She is expecting to make an average monthly profit of 35,000FCFA, of which part will be invested in the business and part saved. Her ambition is to buy a piece of land to live on.
Elles sont à leur cinquième collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de satisfaire le besoin de leur clientèle. Les prêts passés se sont tous bien dénoués.
Elles mènent diverses activités qui sont entre autres la vente de fruits et légumes, de poissons, du bois de chauffe, du charbon e bois et des condiments alimentaires avec KADI B..
Avec son nouveau prêt, elle compte acheter, 5 paniers de choux, 3 sacs de jakatou, 5 paniers de tomates fraiches, 10 sacs d’oignons et 5 sacs d‘épices. Elle s’approvisionne au grand marché de Sikasso et dans les localités avoisinantes. Les produits sont vendus au marché et dans la famille ou sur commande à une clientèle composée essentiellement de femmes et la plupart au comptant.
Elle envisage réaliser chacune un bénéfice mensuel moyen de 35.000 FCFA dont une partie sera investie dans les activités et l’autre partie en épargne.
Elle ambitionne d’acheter un terrain à usage d’habitation.
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