Badegna : La Parenté Group
To increase the size of their businesses, these clients decided three years ago to join the loans program of Soro Yiriwaso with which they are now on their fifth group loan. All previous loans were fully repaid.
This loan will allow them to buy fresh vegetables such as plantains, sweet potatos, yams among others in Sikasso, Koury and Bobo to retail over time as they do not keep long. They sell at the Kimparana market, at home, at crossroads, and in neighbouring marketplaces such as San, Koury and Tominia.
They believe they will make a profit of 120,000 FCFA thanks to this loan. This profit will be used to repay the loan interest and to contribute to the household expenses.
Pour augmenter la taille de leurs activités les clientes ont décidé d’intégrer depuis maintenant trois ans le programme crédit de Soro Yiriwaso avec qui elles sont à leur cinquième prêt de groupe (prêt solidaire).Tous les prêts précédents ont été remboursement sans difficulté.
Ce prêt actuel sera utilisé pour acheter des légumes frais (bananes Plantain, patate douce, igname et autres) à Sikasso, koury et Bobo qui seront revendus au fur et à mesure car ne peuvent être stockés pour longtemps. Elles revendent au marché de kimparana, à la maison, au carrefour et dans les marchés voisins comme San, Koury et Tominia.
Elles prétendent avoir un bénéfice de 120 000 F CFA avec ce prêt. Ce bénéfice sera utilisé pour rembourser les intérêts du prêt et faire face aux dépenses courantes de la famille.
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