After having reimbursed their preceding loans, the group is on their 4th loan which will be used to buy 1 sack of cucumbers, 2 cases of plantains, 1 sack of oranges, 1/2 sack of lemons, 1 sack of roots of doum palms, and 6 cases of soap. These products are bought once a week at the market fair of Diamarabougou. Besides these items, they sell beans, condiments, and jars and storage pots made in Kounkobougou and specially delivered to the homes of saleswomen in Kirango.
These products are sold for cash and on credit to a clientele composed of women and men. They expect to make an average profit of 22,000 F CFA which will be used to make repayments on the loan, save money in traditional associations, and dress their children. Their ambition is to have a house to live in.
Après avoir bien remboursé les prêts précédents, le groupe est à son 4ème prêt qui sera utilisé pour acheter, 1 sac de concombre, 2 cartons de banane plantain, 1 sac d’orange, ½ sac de citron, 1sac de racines du doum > et 6 cartons de savon. Ces produits sont achetés une fois par semaine à la foire de Diamarabougou. A côté de ceux-ci elles font le petit commerce de haricot, de condiments alimentaires, des jarres et des canaris confectionnés à Kounkobougou et livrés à domicile spécialement aux revendeuses à Kirango. Ces produits sont vendus au comptant et à crédit à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser un bénéfice moyen de 22 000FCFA qui sera utilisé pour rembourser les intérêts du prêt, payer les tontines et l’habillement des enfants. Elles ont pour ambition d’avoir une maison d’habitation
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