They are on their first loan from the microfinance institution, Soro Yiriwaso, with the goal of satisfying customer demand. This group of women sell a variety of things, such as fruit and vegetables (as is the case for Mariam T.), condiments, firewood, clothes and incense.
With her loan Mariam T. is planning on buying two barrow loads of fruit and vegetables from the peasants that produce them, and then sell them at the market and within the family, on a retail basis for cash and on credit, to a customer base made up of men and women.
She is expecting to make an average monthly profit of 50,000FCFA, of which part will be used to help her husband with the daily expenses and the rest invested in her business.
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce d’articles divers en générale tels la vente de fruits et légumes avec MARIAM T. Traoré, des condiments , du bois de chauffe, des vêtements et de l’encens.
MARIAM T. compte acheter avec son prêt, 2 chargements de charrette en fruits et légumes auprès des paysans producteurs et les vend au marché et en famille à une clientèle composée d’hommes et de femmes, en détail au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 50.000 FCFA dont une partie sera utilisée pour l’appui de son mari dans les dépenses 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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