With the intention of growing their working capital so as to satisfy the needs of their clientele, they decided to join the Microfinance Institution Soro Yiriwaso in order to sell soap, cereals, and, in the case of Djénébou S., onions. They are on their second group loan and the preceding was correctly reimbursed.
With this loan, Djénébou S. intends to buy five sacks of 50 kg of onions from wholesalers in Sikasso, which will be sold retail, for cash or credit, at the big marketplace of the town on Bougouni to a clientele composed essentially of women.
With this loan the women expect to make a profit of 10,000 F CFA per month which they say will be used for their businesses.
Elles sont à leur deuxième prêt de groupe et le précédant a été bien soldé.
Avec ce prêt Djénébou S. compte acheter 5 sacs de 50 kg d’Oignons auprès des grossistes de SIKASSO pour les revendre ensuite en détail au comptant et à crédit au grand marché de la ville de BOUGOUNI à une clientèle composée essentiellement de femmes.
Avec ce prêt les femmes envisagent obtenir un bénéfice de 10 000 FCFA par mois qui sera utilisé selon elles 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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Success!! The loan was 100% repaid