Concerned about satisfying their clients and expanding the size of their business, they decided to join a loan program with the micofinance institution Soro Yiriwaso for the first time.
They intend to use their loan in order to run small restaurants and sell spices; Chata K. will use it to sell various small items. With this loan, Chata K., the president of the Group, intends to purchase five bedsheets from Burkina Faso and five pairs of thermos mugs. She stocks-up in Bamako from wholesalers and carries out her individual sales from her home, at the market, and walking throughout the village for cash or credit to a clientele of women and men.
With this loan they hope to earn monthly profits of 15,000 FCFA, of which part will be reinvested in the business and the other portion will be used to cover medical expenses for their families.
Dans le souci de satisfaire leurs clientèles et d’augmenter la taille de leur entreprise, elles ont décidé d’adhérer au programme de crédit de l’institution de microfinance Soro Yiriwaso pour la première fois.
Elles comptent utiliser leurs prêts pour faire la restauration, le commerce de condiments et Chata K. pour faire le commerce d’articles divers.
Avec ce prêt Chata K. la présidente du groupe, compte acheter, 5 pièces de draps de lits Burkinabé, 5 paires de tasses thermos.
Elle s’approvisionne à Bamako auprès des grossistes et effectue sa vente à la maison, au marché et en ambulant dans le village, en détail, en espèce et à crédit à une clientèle composée de femmes et d’hommes.
Avec ce prêt elles comte réaliser un bénéfice mensuel de 15.000 FCFA dont une partie sera réinvesti dans l’entreprise et l’autre partie sera utilisée pour des frais de santé familiales.
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