This group of women does commerce in children's clothing, bed sheets, pagnes (colorful West African cloth), and sweet peas, as in the case of Ms. RAMATA T..
RAMATA T. intends to use her loan to buy 500 kg of sweet peas at the main central market of Sikasso. The peas are resold for cash at the bus station, at the market of SANOUBOUGOU I, and at the house. The customer base is composed of women and men.
She envisions making an average monthly profit 110,000 francs CFA that will be used for repaying the loan and for day-to-day family expenses.
Elles sont à leur huitième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passés ont été correctement remboursés. Ce groupe de femmes fait le commerce de vêtement pour enfants, de draps de lit, de pagnes et de pois sucré avec RAMATA T..
RAMATA T. compte acheter avec son prêt 500 Kg de pois sucré au grand marché central de la ville de Sikasso. Le pois sucré est revendu à la gare routière, au marché de SANOUBOUGOU I et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 110.000FCFA qui sera utilisée rembourser le prêt et 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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