They are on their fifth collaboration with the microfinance institution Soro Yiriwaso in order to satisfy the needs of their customers. This group of women do business in rice, meat and food service with Kadia, who is the present of the group and second from the right in the photo.
She count on buying three bags of rice and a big bag of spices with the loan. She stocks up from wholesalers in the big market in Tiele and in markets around the area. She prepares and sells in the market and at home, doing retail sales to a customer base composed mostly of women, for cash and on credit.
She imagines making a monthly profit of 25,000 francs, of which one part would be used to support her husband in everyday expenses and the other part would be invested in her business.
Elles sont à leur cinquième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce du riz, de viande et de la restauration avec KADIA qui est la présidente du groupe et la deuxième à droite sur la photo.
Elle compte acheter avec son prêt, 3 sacs du riz et une grande quantité de condiments. Elle s’approvisionne au grand marché de TIELE et marchés environnants auprès des grossistes. Elle prépare et effectue sa vente sur place au marché et à domicile à une clientèle composée essentiellement de femmes, en détail, au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 25.000FCFA dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes et l’autre partie sera investie dans les 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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