They are on their first loan from the microfinance institution, Soro Yiriwaso, with an aim of satisfying their customers' needs. This group of ladies trades in cosmetics, school materials, clothes, as is the case for Aminata D., etc. With her loan she is planning on buying three dozen perfumes, two dozen ointments, creams and nail varnish. She gets her supplies at the large market in Ouelessbougou and sells them at the same market, but also walking around the various districts and professional establishments and at home, to a customer base made up of men and women, on a retail basis, for cash and on credit. She is planning to make an average monthly profit of 20,000FCFA, of which part will be used to help her husband with the daily expenses and the rest reinvested 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 de cosmétiques, de fournitures scolaires, d’hatits à l’image de AMINATA D. etc.
Elle compte acheter avec son prêt, trois douzaines de parfums, deux douzaines de pommades, crèmes et des vernis pour les ongles. Elle s’approvisionne au grand marché de Ouelessebougou et effectue sa vente, au marché de Ouelessebougou, en ambulant dans les quartiers et structures professionnelles et à domicile à une clientèle composée d’hommes et de femmes, en détail, au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 20.000 FCFA dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes 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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