They are on their fifteenth loan with Soro Yiriwaso in order to meet their customers' rising demand, and all of their previous loans have been successfully repaid. This group sells charcoal via one of their members, Nawa. She aims to use her loan to purchase 100 bags of charcoal. She sources her goods from the nearby villages and sells them from the markets in Sikasso and to her family. Her customer base is made up of men and women, and she takes cash sales. She aims to generate an average monthly profit of 75,000 FCFA which will be used to meet her family's everyday needs and to repay her loan.
Elles sont à leur quinzième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et tous les prêts précédents ont été remboursés dans de bonne condition. Ce groupe de femmes fait le commerce de charbon de bois à travers de NAWA.
NAWA,compte acheter avec son prêt, 100 sacs de charbon de bois. Elle s’approvisionne dans les villages voisins. Les sacs de charbon de bois sont revendus aux marchés de SIKASSO et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 75.000FCFA, qui sera utilisé pour les dépenses quotidiennes de la famille et rembourser le prêt.
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