Soro Yiriwaso Group

The Soro Yiriwaso group is made up of 6 married women, who have an average age of 32 and on average, 2 children. They mostly live in monogamous families in Médine, one of the neighborhoods of the town of Sikasso, 3rd administrative region of Mali. They are on their 5th loan, working together with Soro Yiriwaso microfinance institution, with the intention of satisfying their customers’ needs. They have various businesses, among others selling African “waxcloth”, fruit, potatoes, shoes, etc..

With this new loan, they intend to buy 25 lengths of African “waxcloth”, 40 pairs of shoes, and 20 sacks of potatoes. They do their buying in the big market of Sikasso town and in surrounding areas. The goods are sold in the market, walking around the neighborhoods, or in their families, to a clientele composed of men and women, and mostly for cash.

They each expect to make an average monthly profit of 23,000 F CFA, of which a part will be invested back into their businesses and the rest put away as savings.

Translated from French by Teresa Kramer, Kiva Volunteer

Le groupe Soro Yiriwaso est constitué de 6 femmes mariées qui ont une moyenne d’âge de 32 ans et 2 enfants. Elles vivent la plupart dans des familles monogames à Médine un des quartiers de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur cinquième collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de satisfaire le besoin de leur clientèle.
Elles mènent diverses activités qui sont entre autres la vente de pagnes wax, fruits, pomme de terre, chaussures etc.
Avec ce nouveau prêt, elles comptent acheter, 25 pièces de pagnes wax, 40 paires de chaussures, 20 sacs de pomme de terre. Elles s’approvisionnent au grand marché de Sikasso ville et dans les localités avoisinantes.
Les marchandises sont vendues au marché, de façon ambulante dans les quartiers, dans la famille, à une clientèle composée d’hommes et de femmes et la plupart au comptant.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 23.000 FCFA dont une partie sera investie dans les activités et l’autre partie en épargne.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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