The group members sell condiments (peanut butter, chili peppers, “Sounbala” (a popular West African condiment), gumbo powder and garlic powder), prepared foods, and ointments. In order to be able to build up their stock of goods, they decided to work with Soro Yiriwaso and are on their first group loan cycle.
Mrs. Sitan Traoré plans to use her loan to buy 500 kilograms of fresh chili peppers. She buys her fresh chili peppers wholesale from the Koutiala stallholders at the big market in Ségou. These chili peppers are then dried in the sun for at least a week on tarps in a corner of the courtyard in order to preserve them. They resell them for cash and credit, door-to-door and at the Médine market in Ségou; their customers are generally women.
With this loan Mrs. Sitan Traoré plans to make an average monthly profit of 30,000 CFA, which will be used to meet the secondary needs of the household and to reinvest in the business.
D ans le but de pouvoir constituer leurs stocks de vente, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Sitan Traoré compte utiliser son prêt pour acheter, 500kg de piments frais. Elle se ravitaille en piments frais avec les forains de Koutiala au grand marché de Ségou en gros. Ce piment est ensuite séché au soleil pendant une semaine au moins sur des bâches dans un coin de la cour pour la conservation. Elle le revend au comptant, à crédit, à domicile et au marché Médine de Ségou à une clientèle constituée généralement de femmes.
Madame Sitan Traoré compte réaliser avec ce prêt un bénéfice mensuel moyen de 30 000FCFA qui sera utilisé pour assurer les petits besoins du foyer et réinvestir dans l’activité.
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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