Eager to meet the increasing needs of their customers, the members of this group decided two years ago to join Soro Yiriwaso. They are on their third solidarity loan.
Minata, the group's leader, is very well-known in Ouelessebougou, as she excels in the sale of condiments. She plans to use her loan to buy two bags of onions, two baskets of cabbage, half a bag of salt and one box of tomato concentrate. She buys her supplies from wholesalers in Bamako and also locally, and she resells her condiments in Ouelessebougou, for cash or on credit, to a retail customer base consisting of men and women.
She is hoping to make a monthly profit of 40,000 CFA francs, which will allow her to repay her loan and 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.
MINATA, qui est la présidente du groupe et très connue à OUELESSEBOUGOU, excelle dans la vente de condiments. Elle compte utiliser son prêt pour acheter 2 sacs d’oignon, 2 paniers de choux, ½ sac sel et 1 carton de concentrée de tomate. 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 40.000FCFA 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