They are collaborating for the first time with the microfinance institution, Soro Yiriwaso, with the goal of satisfying customer demand. This group of women sells a variety of general products, including soaps (as is the case for Kadia C.), firewood and children's clothing.
With her loan, Kadia C. is planning on buying ten cartons of soap. She gets her supplies at the large market and sells them, for cash and on a retail basis, in neighboring villages and within her family, 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 savon avec Kadia C., du charbon de bois et des vêtements pour d’enfants .
KADIA C. compte acheter avec son prêt, 10 cartons de savon.
Elle s’approvisionne au grand marché et les vend dans les villages voisins et en famille à une clientèle composée d’hommes et de femmes, au comptant et en détail.
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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