Faced with the need to increase their working capital and boost their activity level, the group members decided to join the microfinance institution Soro Yiriwaso. This is their second loan, the first one having been repaid on schedule. They will use the loan to trade with soap, clothes and mangoes (the latter is Korotoumou's activity).
Korotoumou, who chairs the group, intends to use this loan to buy 5 sacks of 100 kilograms of unripe mangoes and 2 sacks of 100 kilograms of ripe mangoes from the various mango plantations in Bougouni and in nearby villages. She sells her fruits hawking through the streets and at the little market in Torakabougou, for cash or credit, to a clientele made up of women and men.
Thanks to this loan, Korotoumou expects to make an average profit of 15,000 CFA francs a month, which will be reinvested in her business.
Dans le souci d’avoir un fonds de roulement et faire beaucoup d’achats, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso avec qui elles sont à leur deuxième prêt et le premier a été remboursé correctement. Elles comptent utiliser ce prêt pour faire le commerce de savons, d’habits et de mangues avec Korotoumou.
Avec ce prêt Korotoumou, la présidente du groupe, compte acheter, 5 sacs de 100 Kg de mangues non mûre et 2 sacs de 100Kg de mangues mûre dans les différentes plantations de mangues de Bougouni et environnants.
Elle effectue sa vente en ambulant et au petit marché de Torakabougou, en détail et en gros, au comptant et à crédit, à une clientèle composée de femmes et d’hommes.
Avec ce prêt Korotoumou espère réaliser un bénéfice mensuel de 15.000 FCFA qui sera réutilisé 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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