AFOU C. has been selling cereals for several years, and gets her supplies from producers in small villages. She sells semi-wholesale to resellers who travel to the weekly fair in Kimparana.
With her loan, she will buy one ton of pearl millet, half a ton of corn, and 15 sacks of bean. AFOU C.'s clientele comprises both men and women. She sells for cash and on credit.
She intends to turn a monthly profit of XOF 31'000 (ca US$ 62), that she will use to repay the loan, provide for her family's needs, and reinvest in her business to expand it.
AFOU C. la vendeuse de céréales depuis plusieurs années s’approvisionne auprès des producteurs dans les petits villages pour revendre en demi gros aux revendeurs qui viennent à la foire hebdomadaire de Kimparana.
Elle achètera avec son prêt, une tonne de petits mil, 0,5 tonnes de maïs et 15 sacs de haricot. AFOU C. à une clientèle composée d’hommes et de femmes. Elle vend en espèce et à crédit.
Elle compte avoir mensuellement à un bénéfice de 31000 FCFA qui sera utilisé pour rembourser la dette, subvenir aux besoins familiaux et réinvestir dans l’entreprise pour pouvoir l’agrandir.
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