They are in their third-round of borrowing with the micro-finance institution Soro Yiriwaso in order to satisfy their client's needs. Their past loans were all properly repaid. This group of women is in the business of selling charcoal.
With the loan, NANA D. plans to purchase 50 bags of charcoal and will purchase the supplies in the neighboring village. The charcoal is then resold to families in the neighborhood to a clientele of both men and women for cash.
She hopes to make an average monthly profit of 90,000 cfa francs which will be used to pay for daily family expenses.
Elles sont à leur troisième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passés ont été remboursé dans de bonne condition. Ce groupe de femmes fait le commerce de charbon de bois avec NANA D..
NANA D. compte acheter avec son prêt 50 sacs de charbon de bois et s’approvisionne dans les villages voisins . Le charbon est revendu en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 90.000FCFA qui sera 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