Djekadi (L’Union Est Bonne Group
They have been a part of the credit program of the micro-finance institution Soro Yiriwaso for two years now. The amount of their loans has gone from 50,000 F CFA for their first loan to 75,000 F CFA for their fourth. The present loan will be used to buy sacks of wheat flour for bread making.
They buy their supplies in the market of Yangasso in the little shops there. They sell in the same market and at home where their traditional oven is located. Their sales are made to a clientele constituted of all sorts of people from their village.
With this new loan, they each expect to make an average of 60,000 F CFA of profit per cycle, which will be used for everyday expenditures in their families. Their ambition is to open a modern bakery in Yangasso.
Elles collaborent avec le programme crédit de l’institution de microfinance de Soro Yiriwaso depuis deux ans. Le montant du prêt est passé de 50.000 FCFA au premier prêt à 75.000 FCFA pour le quatrième prêt. Le prêt actuel sera utilisé pour acheter, des sacs de farine de blé destinés à la fabrication du pain.
Elles s’approvisionnent au marché de Yangasso dans les boutiques. Elles effectuent leur vente dans le même marché et à la maison où elles ont leur four traditionnel implanté. La vente est effectuée à une clientèle constituée de toutes les catégories sociales du village.
Avec ce nouveau prêt, elles comptent réaliser chacune en moyenne 60 000FCFA. de bénéfice par cycle qui sera utilisé pour les dépenses courantes de la famille. Elles ambitionnent ouvrir une boulangerie moderne à Yangasso.
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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