Sankorota (Le Rehaussement) Group
In order to increase their production, this members of this group have decided together to join the loan program of the micro-finance institution Soro Yiriwaso. After having repaid their first loan without difficulty, the group members are now on their second solidarity loan (group loan). With this new loan, they will each buy 300 kg of néré seeds (from the néré tree, which is a source of oil in sub-Saharan regions) and firewood for cooking the seeds. The production and selling cycle lasts three weeks on average. The finished soumbala is taken to Bamako (capital of Mali) to be sold for cash or often on credit to retailers at the marketplaces in this city. They hope to realize a per-cycle profit of 20,000 francs CFA, which will be used to pay the loan interest, to help cover family expenses, and to invest the remainder in the business.
Afin d’augmenter la taille de leurs productions, ce groupe de femmes a décidé ensemble d’intégrer le programme crédit de l’institution de microfinance Soro Yiriwaso. Après avoir remboursé sans difficulté leur premier prêt, le groupe est à son deuxième prêt solidaire (prêt de groupe).
Avec ce nouveau prêt, les femmes du groupe Sankorota achèteront chacune 300 kilogrammes de graines de néré (arbre oléagineux de la région sahélienne) et de bois de chauffe pour la cuisson des graines. Le cycle de production et de vente dure en moyenne trois (3) semaines.
Le soumbala finit est acheminé sur Bamako (capitale du Mali) pour être vendu en espèce et souvent à crédit aux revendeurs des marchés de cette ville.
Elles comptent réaliser un bénéfice moyen par cycle de 20.000 FCFA qui sera utilisé pour payer les intérêts du prêt, contribuer aux dépenses familiales et investir le reste dans les activités.
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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