Sitan, who is the group's leader and very well-known in Ouelessebougou, excels in the sale of condiments. She plans to use her loan to buy a large inventory of all sorts of food condiments (peppers, tomatoes, onions, tomato concentrate, cabbage and sumbala, a condiment made from nére seeds). She gets her supplies in Bamako and from the local wholesalers, and sells her condiments to a retail clientèle in Ouelessebougou, for cash or credit to a customer base composed of men and women. She hopes to make a monthly profit of 20 000 francs, an amount which will enable her to repay her loan and to reinvest in her business.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans. Elles sont à leur troisième prêt solidaire.
Sitan, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans la vente de condiments. Elle compte utiliser son prêt pour acheter un stock important de condiments alimentaires de différentes sortes (poivre, tomate, oignon, concentrée de tomate, choux et le Sounbala.). Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses condiments à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 20.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son 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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Success!! The loan was 100% repaid