In order to meet the continually growing demand of their customers, the group decided to join the Soro Yriwaso microfinance institution, with whom they are now on their 6th solidarity (group) loan. All previous loans were repaid successfully.
The members of the group plan to use this loan to purchase 8 loads of firewood, 10 boxes of soap, 45 meters of cloth and 5 drums of vegetable oil. They buy their supplies of cloth, vegetable oil and soap only in Sikasso, from local wholesalers at the main market. With respect to firewood, they buy this from the peasants (holding a cutting permit) who supply the town. Typically they run their business from home or by walking around, and sell mainly to women.
They each hope to make from this loan an average profit of CFA 20,000 per month, which will be used to pay the loan interest and provide for their families’ needs. The remainder will be invested in the business.
Afin de satisfaire le besoin sans cesse croissant de sa clientèle, ce groupe décida d’intégrer l’institution de microfinance Soro Yiriwaso avec laquelle il est à son 6ème prêt solidaire (prêt du groupe). Tous les prêts précédents ont été correctement remboursés.
Avec ce nouveau prêt, les membres du groupe comptent acheter, 8 chargements de charettes en bois de chauffe, 10 cartons de savons, 45 mètres de tissus et 5 bidons d’huile alimentaire. Elles s’approvisionnent exclusivement sur place à Sikasso auprès des grossistes de grand marché (pour les tissus, les huiles alimentaires et le savon). Quant au bois de chauffe, c’est auprès des paysans (ayant un permis de coupe) ravitaillant la ville. Elles mènent généralement leurs activités à domicile et de façon ambulante et vend à une clientèle essentiellement composée de femmes. .
Elles espèrent réaliser chacune avec ce prêt, un bénéfice moyen de 20.000 FCFA par mois qui sera utiliser pour payer les intérêts du prêt, subvenir aux besoins de la famille 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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Success!! The loan was 100% repaid