Kotognontala (Mutual Compromise) Group
They generally purchase the foodstuffs in the village of Zambougou and the surrounding villages such as Dougabougou, Benembougou, Fombougou, Teisserela and Ganssola and store their merchandise in their homes. On the other hand, condiments are bought in the big market in Ségou from wholesalers who come to the weekly market days.
They re-sell these articles retail, for cash or credit, on market days, or door-to-door, or out of their homes. Their clientele is generally made up of women and men.
So as to satisfy the needs of their ever growing clientele, the members of the Kotognontala group have decided to ask for a group loan from the micro-finance institution Soro Yiriwaso with whom they are presently on their first loan.
With this loan they intend to buy 2 sacks of 50 kg each of rice, a large amount of condiments, and a sack of dried beans. They hope to make a monthly average profit of 7.500 FCFA which will be used to make the payments on the loan, to bolster their working capital, and to help cover family expenses.
Elles achètent généralement les denrées alimentaires sur place (à Zambougou) et dans les villages environnants (tels Dougabougou, Benembougou, Fombougou, Teisserela et Ganssola) pour les stocker au niveau de la concession conjugale. Par contre les condiments sont achetés au grand marché de Ségou auprès des grossistes fréquentant les foires hebdomadaires.
Elles revendent ces articles en détail au comptant et à crédit les jours de foires de façon ambulante ou à domicile. La clientèle est généralement constituée de femmes et d’hommes.
Afin de satisfaire les besoins de leurs clientèles de plus en plus croissants, les membres du groupe Kotognontala ont décidé de demander un prêt de groupe à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur premier prêt. Avec ce prêt elles comptent acheter, 2 sacs de 50 kg de riz, une grande quantité de condiments alimentaires et 1 sac de haricot. .
Elles espèrent réaliser un bénéfice mensuel moyen de 7.500 FCFA qui sera utilisé pour payer les intérêts du prêt, renforcer les fonds de commerce et aider dans les charges de la famille.
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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