To better manage their businesses, they decided to join the microfinance institution of Soro Yiriwaso in order to purchase and sell grains. They are on their sixth group loan, and all five of their previous loans were fully reimbursed. With this loan, Chata C. intends to purchase one ton of millet, 400kg of fonio, and 600kg of maize from the suppliers in Dioutiebougou and its surroundings. These goods will be resold to wholesalers in the market of Bougouni in smaller quantities for cash to a clientele made up of men and women. With this loan, the women hope to make a monthly profit of 17,500 FCFA which will be used in their businesses.
Pour mener à bien leurs activités commerciales, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de céréales. Elles sont à leur sixième prêt de groupe et tous les cinq précédents ont été correctement remboursés. Avec ce prêt Chata C. compte acheter auprès des fournisseurs de DIOUTIEBOUGOU et environs, 1 tonne de petit mil, 400kg de fonio et 600kg maïs, qui seront revendus aux grossistes en détail et au comptant dans le marché de BOUGOUNI à une clientèle est composée d’hommes et de femmes. Avec ce prêt elles comptent avoir un bénéfice mensuel de 17.500 FCFA qui sera utilisé dans leurs activités.
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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