They know each other as neighbors and friends as well as through their businesses. In order to bolster their financial capacity in order to improve their businesses, they have joined the Soro Yiriwaso microfinance institution and are now on their second loan. This group sells condiments, knitted wear, cereals and cosmetics. Fatouata, the one holding papers in her hand, buys and resells condiments. She plans to use her loan to buy five bags of onions, two boxes of garlic and one box with eggplant (aubergines), cabbage and baobab leaves from wholesalers in Bougouni.
She sells at the market and out of her home, retail, for cash and on credit, to a customer base composed of both men and women.
She plans to achieve an average monthly income of 35,000 West African francs, which will be used to invest in her business and repay her loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur deuxième prêt. Ce groupe de femmes fait le commerce de condiments, de tricotage, de céréales et de cosmétiques.
Fatoumata, qui est le membre du groupe papier en main, l’achat vente de condiments. Elle compte acheter avec son prêt, 5 sacs d’oignon, 2 cartons de l’ail, et 1 colis constitué d’aubergines, de chou et feuilles de baobab avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 35.000FCFA qui sera investi dans les activités et rembourser le prêt.
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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