They are on their 5th loan through the micro-finance institution Soro Yiriwaso, so as to satisfy the ever-growing needs of their customers and increase their income. All the preceding loans have been correctly reimbursed. They have varied businesses, among others selling condiments, dried beans, and various other cereals.
With this loan, they intend to buy 40 containers of condiments and 50 sacks of 100 kg of cereals. They stock up at the big open-air market of the town of Sikasso and in the surrounding villages. The merchandise is sold at the Sikasso city market right where they live, out of their homes, and door-to-door to a clientele composed of women and men, for cash, retail.
They each expect to make an average monthly profit of 19,000 F CFA of which part will be used for the health and education of their children and the rest reinvested into their businesses or used to reimburse the loan. The ambition of the women of this Jiguisseme group is to become wholesalers.
Elles sont à leur cinquième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin croissant des clients et d’accroitre leurs revenus. Tous les prêts précédents ont été correctement remboursés. Elles mènent diverses activités qui sont entre autres la vente de condiments alimentaires, de haricot et bien d’autres céréales.
Avec ce prêt, elles comptent acheter 40 colis de condiments alimentaires et 50 sacs de 100 kg de céréales . Elles s’approvisionnent au grand marché de la ville de Sikasso, et dans les villages environnants. Les marchandises sont vendues au grand marché de Sikasso ville sur place, à domicile et de façon ambulante à une clientèle composée de femmes et d’hommes au comptant et en détail.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 19 000 FCFA dont une partie sera utilisée pour l’éducation et la santé des enfants et l’autre partie sera investie dans les activités et le remboursement du prêt.
Les femmes du groupe Jiguisseme ambitionnent de devenir des commerçantes grossistes.
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