Striving to meet the growing needs of their customers, the group members decided to join Soro Yiriwaso's credit program two years ago. They are on their third group loan.
Maïmouna, the group's president and well known in Ouelessebougou, excels in the sale of condiments. She plans to use her loan to buy a large quantity of various condiments (pepper, eggplant, fresh tomato, onion, shea butter oil, cabbage, Maggi cubes, and cooking salt). She stocks up in Bamako and locally from wholesalers and sells her condiments in Ouelessebougou, individually, for cash or credit, to a clientele made up of both men and women.
She hopes to earn a monthly profit of 10,000 FCFA, which will enable her to pay back the loan and reinvest in her business.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans. Elles sont à leur troisième prêt solidaire.
Maïmouna, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans la vente de condiments. Elle compte utiliser son prêt pour acheter une grande quantité de condiment alimentaires de différentes sortes (poivre, aubergines, tomate fraiche, oignon, huile de beurre de karité, choux, cube Maggi, et sel de cuisine). Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses condiments à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 10.000FCFA 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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