The business of the women of the Laidou group is highly solicited. They are known through family and as neighbors.
With the goal of meeting the demands of their growing clientele, they came together 2 years ago as a group to request a loan from Soro Yiriwaso. They are on their third loan cycle as a group.
Badjui M. plans on investing her loan in the purchase of 3 tons of peanuts in the small villages in Tene from the producers, especially at this time when it is the harvest season and the prices are affordable. She resells in Tene and in several country fairs, completing her sales in credit and cash. Her client base is the general consumer.
She expects to earn a monthly income of 21000 FCFA and it will allow her to repay the loan and to reinvest back into her business.
Les femmes du groupe LAIDOU sont très sollicitées dans leurs activités et se sont connues à travers des liens de parenté et de voisinage
Dans le souci de satisfaire le besoin croissant de leur clientèle, le groupe a décidé d’intégrer le programme crédit de Soro Yiriwaso il y a 2 ans. Elles sont à leurs troisièmes prêts de groupe.
BADJI M. compte utiliser son prêt pour acheter 3 tonnes d’arachide dans les petits villages de TENE auprès des producteurs surtout en cette période de récolte aux prix abordables. Elle revend à TENE et dans beaucoup de foires environnantes en détail et au comptant à une clientèle composée de consommateurs.
Elle espère sur un bénéfice mensuel de 21000 FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son 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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