This is their sixth collaboration with the Soro Yiriwaso microfinance institution to meet the needs of their customers. They sell firewood through Mariam T..
With her loan, Mariam T. plans to buy one 20-ton truckload of firewood from accredited rural organizations at the lumber markets in nearby villages. The wood will then be sold to family, to a clientele of both men and women, at retail, for cash and often on credit.
She expects to earn an average monthly profit of 65,000 FCFA, which will be used for the family’s daily expenses.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de bois de chauffe à travers MARIAM T..
MARIAM T. compte acheter avec son prêt, 1 chargement de camion 20 tonnes en bois de chauffe auprès des organisations paysannes agréées au niveau des marchés de bois des villages voisins .
Le bois est revendu en famille à une clientèle composée d’hommes et de femmes, au comptant, en détail et souvent à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 65.000FCFA 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