The all live in Gachi, in Ségou Region (4th administrative region of Mali) and got acquainted through bonds of neighborhood, kinship, and marriage.
The buy and sell cow milk, cereals (millet, fonio), peanuts, and couscous.
Eager to bolster their working capital, the members of the group decided to work with Kiva's partner, Soro Yiriwaso, from which they are seeking their second solidarity loan (group loan).
Mrs. Minata (second women sitting from the left in the photograph) is a big seller of all sorts of cow milk (fresh milk, curd, and yoghurt) in Gachi.
She intends to use her loan to buy 250 liters of milk wholesale from dairy farmers in Gachi and in the surrounding villages. She resells at her home, for cash and on credit, to a mixed-gender clientele.
With this loan, Mrs. Minata hopes to turn an average monthly profit of XOF 20'000 (ca US$ 40), to be reinvested in her business and ensure food supplies to her household.
Her goal is to breed small ruminants with the money she was able to put away thanks to this partnership with Soro Yiriwaso.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Minata (femme assise en 2ème position de la gauche vers la droite sur la photo) est une grande vendeuse de lait de vache de toutes sortes (lait frais, caillé et du yaourt) dans le village de Gachi. Elle compte utiliser son prêt pour acheter 250 litres de lait en gros avec les éleveurs du village et des villages environnants. La revente se fait au comptant et à crédit à domicile à une clientèle mixte. Madame Minata espère réaliser un bénéfice mensuel moyen de 20 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer le ravitaillement du foyer en condiments. Elle a pour objectif de faire l’élevage des petits ruminants avec l’épargne constituée dans ce partenariat avec Soro Yiriwaso.
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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