Concerned about developing their income-generating work, they joined the micro-finance institution Soro Yiriwaso and are on their sixth loan. All the previous loans have been correctly repaid. They intend to buy 500 kg of rice, 300 kg of corn, 200 kg of fonio (a type of millet), and a large quantity of condiments.
All these goods cited above will be purchased locally at the Dioïla marketplace. The grains are used by the women to make delicious dishes that are much coveted by the people of Dioïla. Each group member plans to make a profit of 30,000 francs CFA and intend to use this interest to care for the children.
Elles se sont rencontrées par des relations commerciales et font essentiellement de la restauration comme activité principale
Dans le souci de développer leur activité génératrice de revenus, ces femmes ont intégrés l’institution de micro finance Soro Yiriwaso et sont à leur sixième prêt. Tous les prêts précédents ont été correctement remboursés.
Les membres du groupe comptent acheter, 500kg de riz, 300kg de maïs, 200kg de fonio et une grande quantité de condiments alimentaires.
Tous ces produits ci-dessus cités seront achetés sur place au marché de Dioïla. Ces céréales servent aux femmes à faire de plats délicieux très convoités par la population de Dioïla. Elles comptent obtenir un bénéfice de 30 000 FCFA chacune et se proposent d’utiliser cet intérêt dans l’entretien des enfants.
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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