Benkadi (L’ Entente). Group
With the intention of expanding their businesses, the members decided to join the loan program of Soro Yiriwaso. The Benkadi group is on their very first solidarity loan (group loan). This loan will be used to buy sacks of peanuts and clothing for children that will be re-sold at the market or door-to-door. They generally sell for cash and retail, to a clientele composed of all sorts of people.
With this loan, they each expect to make on average 55,000 F CFA in profit during the loan cycle. This profit will be used to reimburse the loan and help support their families. In future, the group hopes to obtain a bigger loan so that they can diversify their businesses.
Dans le souci d’augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso.Le groupe Benkadi est à son premier prêt solidaire(prêt de groupe).
Le prêt actuel sera utilisé pour achéter des sacs d’arachide et des habits pour enfants qui seront revendus au marché ou de porte en porte. Elles vendent généralement au comptant et en détail à une clientèle constituée de toutes les catégories sociales.
Ainsi avec ce nouveau prêt, elles comptent réaliser en moyenne 55 000 F CFA de bénéfice chacune au cours de ce cycle. Ce bénéfice sera utilisé pour rembourser les intérêts du prêt et faire face aux charges courantes de la famille.
Dans l’avenir, le groupe compte obtenir un prêt élévé pour pouvoir diversifier 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