They know each other as neighbors and friends as well as through their work. In order to bolster the financing capacity and improve their business, they have joined the Soro Yiriwaso microfinance institution and are now on their 6th group. The group members sell cereals and condiments.
Rokia, the one holding documents in her hand, sells cereals (millet, corn, peanuts, sorghum, etc). She plans to use her loan to buy 500 kg [1102 lbs] of shelled peanuts at the market in Bougoini. 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 50,000 West African francs, which will be used to invest in her business, cover healthcare expenses and repaid 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 sixième prêt. Ce groupe de femmes fait le commerce de céréales et de condiments.
Rokia, qui a le papier en main fait l’achat vente de céréales (mil, maïs, arachide, sorgho, etc).
Elle compte acheter avec son prêt, 500 kilos d’arachide décortiqué auprès des forains de à 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 50.000FCFA qui sera investi dans les activités, utilisé pour les frais de santé 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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