In order to better meet the increasing customer demand, they have decided to join the loan program of the microfinance institution Soro Yirwaso. They are on their fourth group loan, having duly repaid three prior loans. With this loan, Diatou S. plans to purchase bags of charcoal from farmers in the villages surrounding Bougoni. She sells retail, for cash and on credit to a customer base composed of both men and women. With this loan, she plans to achieve a monthly income of 40,000 West African Francs, a part of which will be used for the business and the other for [her] children’s education costs.
Dans le souci de satisfaire leurs clientèles de plus en plus nombreuses, elles ont décidé d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso. Elles sont à leur quatrième prêt de groupe, les prêts trois précédents ont été correctement remboursés.
Avec ce prêt DIATOU S., compte acheter des sacs de charbon de bois auprès des paysans des villages environnants de BOUGOUNI. Elle effectue sa vente, en détail, au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt elle envisage réaliser un bénéfice mensuel de 40.000 FCFA dont une partie sera utilisé dans l’activité et l’autre partie dans les frais d’éducation de leurs enfants.
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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