In order to meet sharply increasing customer demand, they decided to join the microfinance institution Soro Yiriwaso. This is their first group loan.
With this loan, MASSABA C., intends to purchase 500 kilograms of peanut seeds, 300 kilograms of shea butter and a few packages of other various food condiments from suppliers in surrounding villages. She sells retail or wholesale, for cash or credit, door-to-door or at the market in Bougouni, to consumers and retailers.
With this loan, MASSABA C. hopes to make a monthly profit of 30,000 CFA Francs that will be used to cover the family's expenses.
Pour satisfaire le besoin de leurs clientèles en nette croissance, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et sont à leur premier prêt de groupe.
Avec ce prêt MASSABA C., compte acheter, 500Kg de graine d’arachide, 300kg de beurre de karité et quelques paquets de divers autres condiments alimentaires auprès des fournisseurs des villages environnants. Elle effectue sa vente en détail et en gros, au comptant et à crédit, à domicile, dans le marché de Bougouni, aux consommateurs et revendeurs.
Avec ce prêt MASSABA C. espère réaliser un bénéfice mensuel de 30.000 FCFA qui sera utilisé les dépenses de la famille.
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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