Gneleni (Veut Dire Bravoure) Group
Concerned about satifying a burgeoning customer base, the women have joined the micro-finance institution Soro Yiriwaso, with which they are on their eighth group loan (solidarity loan). All the preceding loans have been correctly repaid.
They intend to pay for 300 lengths of pagnes in Bamako (capital of Mali) from wholesalers. These lengths of cloth will be cut into three and resold retail, cash or credit accepted, in the marketplaces of Fana, Konobougou, Dioïla, Massigui, etc. to customers essentially composed of women. They each envision realizing a profit of 45,000 francs CFA, which will be used to boost their working capital. Their ambition is to become wholesalers and to establish a relationship with a Dutch factory that makes 'Wax' pagnes.
Dans le souci de satisfaire une clientèle de plus en plus croissante elles ont intégrés l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur huitième prêt de groupe (prêt solidaire), et tous les prêts précédents ont été correctement remboursés.
Elles comptent payer 300 pièces wax à Bamako (capitale de la république du Mali) auprès des grossistes. Ces pièces de pagnes wax seront découpées en trois pagnes pour être revendus en détail, au comptant et à crédit dans les marchés de Fana, Konobougou, Dioïla, Massigui etc à une clientèle constituée essentiellement de femmes.
Elles envisagent réaliser un bénéfice de 45.000 FCFA chacune et qu’elles utiliseront pour renforcer leurs fonds de commerce. Elles ambitionnent devenir des grossistes et nouer des relations avec une usine Hollandaise de fabrique de wax.
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