In order to better meet the needs of their customers, the group has decided to join Soro Yiriwaso's loan program. This is their second loan, having successfully paid back the first one.
With this loan, MOSSODIE (the one with a large container filed with sorghum) plans on buying 6 bags of sorghum and 5 bags of fonio. She buys these items in markets around Bougouni and sells them retail, cash or on credit, to a customer base composed mainly of consumers.
She hopes for a 15.000 FCFA profit, which will enable her to pay back her loan and reinvest in her business.
Dans le souci de satisfaire le besoin croissant de leur clientèle, le groupe a décidé d’intégrer le programme crédit de Soro Yiriwaso et est à son deuxième prêt, après avoir correctement remboursé le premier.
MOSSODIE, assise à droite avec une grande tasse remplie de sorgho, compte utiliser son prêt pour acheter, 6 sacs de sorgho et 5 sacs de fonio. Elle s’approvisionne dans les foires environnantes de Bougouni et effectue ses ventes en détail au comptant et à crédit, à une clientèle composée essentiellement de consommateurs.
Elle espère sur un bénéfice de 15.000 FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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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