In order to better satisfy their customers whom are both growing in size and becoming more exacting in their demands, these women have decided to join the microfinance institution Soro Yiriwaso. They are currently on their third group loan after having correctly reimbursed the previous two.
With this loan KOUMBA D. plans to purchase bulk quantities of wood charcoal from countryside producers. She then sells the charcoal both for cash as well as credit, in the markets and from her home, to both male and female customers. With this loan she hopes to make a monthly profit of 65,000 FCFA [approximately USD $ 136 ] to reinvest in her business as well as provide for her family.
Dans le souci de mieux satisfaire leurs clientèles de plus en plus croissantes et exigeantes, elles ont décidé d’intégrer le programme crédit de l’institution de microfinance Soro Yiriwaso. Elles sont à leur troisième prêt de groupe et tous les deux prêts précédents ont été correctement remboursés.
Avec ce prêt KOUMBA D., compte acheter, des chargements de charrettes en charbon de bois auprès des paysans producteurs. Elle effectue sa vente en détail, au comptant et à crédit, au marché et à domicile, à une clientèle composée d’hommes et de femmes.
Avec ce prêt elle espère réaliser un bénéfice mensuel de 65.000 FCFA dont une partie sera utilisé dans l’activité et l’autre partie dans les dépenses de la famille.
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