With the intention of augmenting their charcoal stocks and satisfying the needs of their customers, they decided to join the microfinance institution Soro Yiriwaso, and are seeking their fifth group loan. They have obtained four previous agricultural loans, which were all repaid without problems.
These women plan to use this loan to buy 13 tonnes of charcoal from the coal sellers in Werekela, in order to re-sell their goods in cash and at retail on the side of the main Bamako-Segou road to a clientele composed mainly of travellers and retailers.
With this loan, they intend to generate a profit of 15,000 FCFA, which will be used to take care of and pay for the educational costs of their children.
Dans l’intention d’augmenter leur stock de charbon de bois et de satisfaire le besoin de la clientèle elles ont décidé d’adhérer l’institution de microfinance Soro Yiriwaso et sont à leur cinquième prêt de groupe dont quatre prêts agricoles. Les précédents ont été correctement remboursés.
Ces femmes comptent ce prêt pour acheter, 13 tonnes de charbon de bois auprès des charbonniers de WEREKELA pour les revendent au comptant et en détail au bord de la route principale BAMAKO – SEGOU à une clientèle composée essentiellement de voyageurs et de revendeurs.
Elles comptent obtenir avec ce prêt un bénéfice de 15 000 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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