Hoping to better satisfy their clientele, which is ever-expanding, they decided to seek support from the Soro Yiriwaso microfinance institution, with whom they are seeking their tenth loan. All their former loans were properly settled.
With this new loan, Salimata T., who is the president of the group, intends to buy 25 guinea hens and 40 chickens from suppliers in the surrounding villages, in order to then sell them individually in the market and from her home for cash and credit to a clientele made up of women and men.
With this loan, Salimata T. hopes to earn monthly profits of 20,000 FCFA which will be used toward health expenses and school fees for the children and the remainder will be reinvested in the business.
Dans l’espoir de mieux satisfaire leurs clientèles qui ne cesse d’accroitre, elles ont décidé de faire recours à l’institution de microfinance Soro Yiriwaso, avec qui, elles sont à leur dixième prêt et tous les précédents furent soldés correctement.
Avec ce nouveau prêt Salimata T. qui est la présidente du groupe, compte acheter, 25 pintades et 40 poulets auprès des fournisseurs dans les villages environnants, pour ensuite faire sa vente au marché et à la maison en détail, au comptant et à crédit à une clientèle composé de femmes et d’hommes.
Avec ce prêt Salimata T. espère réaliser un bénéfice mensuel de 20.000 FCFA qui sera utilisé pour les frais de santé et de scolarisation des enfants et reste réinvesti dans 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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