With this loan, they intend to buy 800 kg of corn, 200 kg of sorghum, and 700 kg of bean. All these cereals will be purchased from providers in SIRAKORODIE and in the surrounding villages. The products will be directly retailed at the Fana market for cash, to a clientele comprising both men and women. During this loan cycle, they foresee turning an average profit of XOF 25'000 (ca US$ 50) each, to be used to pay for their children's education.
Afin d’augmenter leur stock pour mieux satisfaire le besoin de leur clientèle, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et sont à leur premier prêt solidaire (prêt de groupe)
Avec ce prêt elles comptent acheter 800 kg de maïs, 200 kg de sorgho, 700 kg de haricot. Toutes ces céréales seront achetées avec les fournisseurs de SIRAKORODIE et ses villages environnants. Les produits seront directement vendus sur le marché de Fana en détail et au comptant à une clientèle composée d’hommes et de femmes.
Elles comptent avoir chacune avec ce prêt un bénéfice par cycle de 25 000 FCFA qui les servira à surmonter les frais d’éducation 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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