They are on their third group loan with the microfinance institution Soro Yiriwaso (Kiva Field Partner) and their goal is to satisfy client demand. Their past loans have all successfully been repaid. This group of women sells condiments through Kadiatou T..
Kadiatou T. plans on investing her loan in the purchase of 5 baskets of tomatoes and 4 packages of Maggi cubes. She makes her purchases in the large market in Sikasso.
The condiments are resold in the market in Sanoubougou I in Sikasso, to family and to a clientele made of men and women. She completes her sales in cash.
She expects to earn a monthly income of 70.000 FCFA which will be used to cover her family’s daily expenses.
Elles sont à leur troisième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passé ont été remboursé dans de bonne condition. Ce groupe de femmes fait le commerce de condiments à travers KADIATOU T..
KADIATOU T. compte acheter avec son prêt, 5 paniers de tomates , 4 paquets de cube maggi. Elle s’approvisionne au grand marché de SIKASSO.
Les condiments sont revendus au marché de SANOUBOUGOU I à Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 70.000FCFA utilisée pour les dépenses quotidiennes 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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Success!! The loan was 100% repaid