Yankadi (Bon Endroit) Group
Anxious to bolster their businesses, they decided to join the micro-credit program of Soro Yiriwaso for a first loan.
With this loan, they intend to buy 10 sacks of fruits and vegetables, 20 sacks of cereals, and 20 sacks of charcoal. They usually do their shopping during weekly fairs in the surrounding villages, and in the Sikasso market.
The products are then resold, retail, wholesale or for cash, in the Sikasso market. They hope to make of monthly profit of 20.000 XOF each.
Dans leurs soucis de renforcer leurs activités, elles ont décidé d’intégrer le programme de crédit de Soro Yiriwaso ou elles sont à leur premier prêt.
Avec ce prêt elles comptent acheter 10 sacs de fruits et de legumes, 20 sacs de céréales et 20 sacs de charbon. Elles s’approvisionnent généralement lors des foires hebdomadaires des villages environnants et au marché de sikasso.
Les produits sont vendus au marché de sikasso en gros ,en détails ou au comptant. Elles espèrent réaliser chacune un bénéfice mensuel de 20.000 FCFA .
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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Success!! The loan was 100% repaid