These women met through their businesses; they all essentially sell condiments. In the intention of developing their businesses and stocking up so as to satisfy the needs of their clientele, they decided to join the micro-finance institution Soro Yiriwaso. They are on their second group loan; the preceding loan was correctly reimbursed.
With this loan, they intend to buy 20 tins of 2 kg each of tomato paste, 8 sacks of 25 kg of cooking salt, 15 packs of 100 individual Maggi cubes, and various other condiments. The products are bought from wholesalers in Bamako and are sold retail in the market at Bougouni. Their clientele is essentially composed of women, and the condiments are sold for cash or on credit. Each of the women expects to make a monthly profit of 30,000 F CFA with this loan. The profit will be reinvested in their businesses.
Ces femmes se sont connues à travers des relations de commerce et essentiellement du commerce de condiments alimentaires.
Dans l’intention de développer leur commerce en se constituant plus de stocks enfin de satisfaire le besoin de leur clientèle, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso.
Elles sont à leur deuxième prêt de groupe et le précédent a été correctement remboursé.
Avec ce prêt elles comptent acheter, 20boites de 2kg de concentrée de tomate, 8 sacs de 25kg de sel de cuisine, 15 paquets de 100 morceaux de cube maggi et diverses autres qualités de condiments alimentaires.
Les produits sont achetés auprès des grossistes de Bamako pour être revendus ensuite en détail dans le marché de Bougouni. Leur clientèle est composée essentiellement de femmes et les condiments sont vendus au comptant ou à crédit.
Avec ce prêt les femmes envisagent obtenir chacune un bénéfice mensuel de 30 000 FCFA par mois qui sera réutilisé dans 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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