They have various businesses, among others selling cocoyams and fruit and vegetables. They are on their 5th solidarity loan with the micro-finance institution Soro Yiriwaso. All the preceding loans were reimbursed without difficulty.
With this loan they intend to buy 8 cartloads of cocoyams and 40 baskets of fruit and vegetables. They buy their produce from the farmers in the town of Sikasso and the surrounding villages. The merchandise is sold at the market and in various neighborhoods to a clientele composed generally of women and men, retail, for cash or credit.
They each expect to make a profit of 17,000 F CFA per month, of which part will be used for family needs and the rest reinvested into their businesses.
Elles mènent diverses activités qui sont entre autres la vente de tubercules et des fruits et légumes.
Elles sont à leur cinquième prêt solidaire avec l’institution de microfinance Soro Yiriwaso. Tous les prêts précédents ont été remboursés sans difficulté.
Avec ce prêt, elles comptent acheter, 8 chargements de charrettes en igname et 40 paniers de fruits et légumes.
Elles s’approvisionnent auprès des producteurs à Sikasso ville et dans les villages environnants. Les marchandises sont vendues au marché et dans les quartiers à une clientèle composée généralement de femmes et d'hommes au comptant en détail et à crédit.
Elles envisagent réaliser chacune un bénéfice de 17.000 FCFA par mois dont une partie sera utilisée pour les besoins de la famille et l’autre partie sera investie dans les activités.
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