This is their 8th collaboration with Soro Yiriwaso, a microfinance insitution. All their previous loans have been repaid in good conditions. This group of women is in the rice business through BINTOU, who, with this loan, intends on buying one ton of rice from the farmers in her village as well as surrounding villages. The rice is then sold retail and for cash, both at the market and door to door, to a clientele of men and women.
She expects to make a monthly profit of 75.000FCFA, which will be used for her family's daily expenses.
Elles sont à leur huitième collaboration avec l’institution de microfinance Soro Yiriwaso et tous les prêts passés ont été remboursés dans de bonne condition. Ce groupe de femmes fait le commerce de riz à travers BINTOU, qui compte acheter avec son prêt, une tonne de riz, auprès des paysans producteurs du village et des villages voisins. Le riz est revendu au marché de Sikasso et en famille à une clientèle composée d’hommes et de femmes, en détail et au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 75.000FCFA qu’elle utilisera 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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