This is their sixth group loan from the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. Their previous loans have been repaid on schedule.
The women in this group trade with firewood and charcoal. Mrs Fatoumata K. intends to use her loan to buy a truckload of firewood (10 tons). She gets her supplies in nearby villages of the Sikasso region. She will retail the firewood, for cash and credit, to a clientele made up of men and women.
Mrs K. expects to make an average profit of 90,000 CFA francs a month, which she will use to provide for her family and repay her loan.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passé ont été remboursé dans de bonne condition. Ce groupe de femmes fait le commerce de bois de chauffe et de charbons de bois à travers FATOUMATA K., qui compte acheter avec son prêt, 1 chargement de camion 10 tonnes en bois de chauffe. Elle s’approvisionne dans les villages avoisinants Sikasso. Les bois sont revendus en famille à une clientèle composée d’hommes et de femmes, en détail, à crédit et au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 90.000FCFA utilisée pour les dépenses quotidiennes de la famille et rembourser le prêt.
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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