They are on their 11th loan with the micro-finance institution Soro Yiriwaso, with the intention of satisfying the needs of their clientele and increasing their profit. All the preceding loans were reimbursed without difficulty.
They have diverse businesses, among others selling soap, fruit, root crops (potatoes and cocoyams). They intend to buy 50 cases of soap, 20 containers of fruit, 15 sacks of potatoes, and 200 kg of cocoyams. They do their buying at the big open-air market of Sikasso, in Bamako, and in the surrounding villages. The merchandise is sold for cash, retail and for credit in the big market of Sikasso town where they live, out of their homes, and door-to-door, to a clientele composed of women and men.
They each expect to make an average monthly profit of 18,000 F CFA of which part will be used to help their husbands support their families and the rest will be reinvested into their businesses and used to reimburse the loan. The ambition of the women of this Badeya group is to become wholesalers in Sikasso.
Elles sont à leur onzième collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de satisfaire le besoin de la clientèle et augmenter leur profit. Tous les prêts précédents ont été remboursés sans difficulté.
Elles mènent diverses activités qui sont entre autres la vente de savons, de fruits, de tubercules (pomme de terre et igname).
Elles comptent acheter, 50 cartons de savons, 20 colis de fruits, 15 sacs de pomme de terre et 200 kg d’igname. Elles s’approvisionnent au grand marché de la ville de Sikasso, Bamako et dans les villages environnants. Les marchandises sont vendues au comptant, en détail et à crédit au grand marché de Sikasso ville sur place, à domicile et de façon ambulante à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 18 000 FCFA dont une partie sera utilisée pour aider les maris à subvenir aux dépenses de la famille et l’autre partie sera investie dans les activités et le remboursement du prêt.
Les femmes du groupe Badeya ambitionnent de devenir des commerçantes grossistes à Sikasso.
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