This is their 3rd collaboration with Soro Yiriwaso, a microfinance institute, in order to meet the needs of their customers. Past loans have been repaid with no issues. This group of women is in the fruit business through AWA.
AWA intends on buying 7 cartloads of fruits from farmers and at the big market of MEDINE, from wholesalers.
The fruits are then sold retail and for cash, both at the market in HAMDALLAYE as well as door to door to a clientele of men and women.
She expects to make a monthly profit of 90.000FCFA, which will be mostly used for her family's daily 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 remboursés sans aucune difficulté. Ce groupe de femmes fait le commerce de fruits à travers AWA.
AWA, compte acheter avec son prêt, 7 chargements de charrettes en fruits auprès des paysans et au grand marché de MEDINE, auprès des grossistes.
Les fruits sont revendus au marché de HAMDALLAYE et en famille à une clientèle composée d’hommes et de femmes, au comptant et en détail.
Elle envisage réaliser un bénéfice mensuel moyen de 90.000FCFA, qui sera utilisé essentiellement 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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