This is the first time they collaborate with Soro Yiriwaso, a microfinance institution, in order to meet the needs of their customers. This group of women is in the fruit business with FATI.
With this loan, FATI intends on buying 750kg of potatoes. She buys them at the market in MEDINE. The potatoes are then sold retail and for cash, both at the station and door to door, to a clientele of men and women.
She expects to make a monthly profit of 30.000FCFA, which will be mostly used for her family's daily expenses.
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de fruits avec FATI.
FATI, compte acheter avec son prêt, 750 Kg de pomme de terre. Elle s’approvisionne au marché de MEDINE. Les pommes de terre sont revendus à la gare 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 30.000FCFA qu’elle compte utiliser 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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