They engage in several businesses, but the most important is the sale of cereals.
With the aim of developing their business, they joined the microfinance institution Soro Yiriwaso, and are now seeking their fifth group loan. None of their previous loans had any problems being repaid.
This loan will be used to buy 1 tonne of maize, 600 kg of sorghum, and 450 kg of pearl millet from the farmers in the village of Werekela and the surrounding areas; these goods will be re-sold in the market in Fana at wholesale in cash. Their clientele is composed mainly of men.
With this loan, they intend to generate a profit of 10,000 FCFA, which will be used to take care of and pay for the education of their children.
Elles font plusieurs activités mais la plus importante est la vente de céréales.
Dans le souci de développer leur activité elles ont intégré l’institution de microfinance Soro Yiriwaso et sont à leur cinquième prêt de groupe. Aucun prêt précèdent n’a fait l’objet de mauvais remboursement.
Ce prêt sera utilisé pour acheter, 1tonne de maïs, 600 kg de sorgho et 450 kg de petit mil auprès des paysans et paysannes du village de WEREKELA et environs pour être revendus dans le marché de Fana en gros et au comptant. Leur clientèle est composée essentiellement d’hommes.
Elles comptent obtenir avec ce prêt un bénéfice de 10.000 FCFA qui sera utilisé pour la prise en charge des frais scolaires 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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