In order to bolster their businesses and make more profits, they joined Kiva's partner, the microfinance organization Soro Yiriwaso, from which they are seeking their fifth solidarity loan (group loan). Previous loans were repaid without problems. These women intend to buy 500 kg of salt, 80 packs of 100 "Maggi" bouillon cubes, 200 kg of dried baobab leaves, and a large amount of various condiments. These products are purchased in part at the Dioïla market, and in part in N’Tobougou and in the surrounding villages. All goods are resold at the N’Tobougou market, for cash or on credit, to a female clientele. These women hope to turn a profit of XOF 20'000 (ca US$ 40) each, to be used to bolster their businesses.
Elles se sont connues à travers les activités agricoles hivernales et exercent essentiellement le commerce de condiments alimentaires.
Pour développer leur commerce et générer plus de profits, elles ont intégré l’institution de microfinance Soro Yiriwaso avec qui elles sont à leur cinquième prêt solidaire. Les prêts précédents ont été bien remboursés.
Ces femmes comptent acheter, 500kg de sel de cuisine, 80 paquets de 100 morceaux de cube maggi, 200kg de feuilles de baobab séchées et une grande quantité de condiments divers. Une partie de ses produits est achetée sur le marché de Dioïla et l’autre partie dans le village de N’Tobougou et environs. Tous les produits sont revendus sur le marché de N’Tobougou au comptant et à crédit à une clientèle composée de femmes.
Ces femmes espèrent avoir 20 000 FCFA de bénéfice chacune qui sera utilisé pour renforcer leur activité.
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