Jigiya (Support) Group
Intent on satisfying an ever growing clientele, they decided to join the credit program of Soro Yiriwaso. They are now on their fourth group loan, with all the earlier loans correctly reimbursed.
With this loan, each of them intends to buy 450 kg of néré grains (which come from an oil-producing tree native to the Sahel region) and firewood. The néré seeds are boiled and then ground and crushed in mortars to make the paste. The cycle production and sale) takes 3 weeks.
The soumbala that they produce is goes to Bamako (the capital of the Republic of Mali) and often to Senegal to be sold for cash or credit to wholesalers. Once they have concluded the sale, they buy high quality "pagnes" (lengths of brightly colored batik-like cloth) that they re-sell in the village.
They each expect to make a monthly average profit of 28,000 F CFA and their ambition is to become important producers who supply the whole region with soumbala.
Dans le souci de satisfaire une clientèle de plus en plus importante, elles décidèrent d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur quatrième prêt de groupe (prêt solidaire) et tous les prêts antérieurs ont été bien remboursés
Avec ce prêt elles comptent acheter chacune, 450 kilogrammes de grains de néré (arbre oléagineux de la région sahélienne) et du bois de chauffe. Les grains de néré après achat sont bouillies, pilées et pétries afin de donner la dite pâte alimentaire. Le cycle (production et vente) dure trois (3) semaines.
Le soumbala ainsi fait est acheminé sur Bamako (capitale de la république du Mali) souvent en république du Sénégal pour être vendu au comptant ou à crédit à des grossistes. La vente une fois effective, elles achètent des pagnes wax pour venir les revendre au village.
Elles comptent réaliser un bénéfice moyen mensuel de 28.000 FCFA chacune et ambitionnent devenir des grandes productrices afin de ravitailler toute la sous région en Soumbala.
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