Specialized in selling cereals, they do their buying every week in the markets of Selingué and those of neighboring villages. Then the stocks that they have put together are turned over to wholesalers coming from Bamako (the capital of Mali).
With this loan of 50,000 F CFA per member, they expect to be able to buy 500 kg of cereals and peanuts. The average monthly profit is estimated to be 15,000 F CFA which will allow them to cover their daily family expenses and make repayments on the loan.
Spécialisées dans la vente de céréales, elles s’approvisionnent sur les marchés de selingué et ceux des villages environnants chaque semaine. Ensuite le stock ainsi constitué est cédé à des grossistes venant de Bamako.
Avec ce prêt de 50.000FCFA par femme, elles comptent acquérir 500 kilogrammes de céréales et de grains d’arachide. Le bénéfice moyen mensuel est estimé à 15.000 FCFA qui leur permetra de régler leurs dépenses quotidiennes familiales et de payer les interets du prêt..
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