In order to meet the ever-growing needs of their customers, the members decided to join the Soro Yiriwaso lending program. They are currently on their first loan cycle.
Kadia plans on using her loan to purchase supplies from San wholesalers, specifically 13 cases of bouillon cubes, a bag of cooking salt, 4 boxes of tomato paste, 5 kg of pepper and 50 kg of onions. She plans on making a profit of 26,000 CFA francs a month. The profits will be used to pay back her loan and support her husband. Kadia’s customer base is made up mostly of women, and she sells her products retail for cash and on credit.
The women of the Danaya group would like to continue with Soro Yiriwaso in order to make their business profitable.
Afin de satisfaire le besoin de leurs clientèles qui ne cesse de croître les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso, elles sont à leur premier cycle.
KADIA compte utiliser son prêt pour aller s’approvisionner auprès des grossistes à SAN, en achetant, 13 cartons de Cube Jumbo, un sac de sel de cuisine, 4 boites de pâte de tomate, 5 kg de poivre et 50 kg d’oignon. Elle compte sur un bénéfice de 26 000 FCFA par mois. Le bénéfice sera utilisé pour rembourser le prêt et venir en aide à son époux. KADIA aune clientèle composée essentiellement de femmes, et effectue ses ventes en détail, au comptant et à crédit.
Les femmes du groupe Danaya souhaitent continuer avec Soro Yiriwaso pour mener à bien leur commerce.
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