They work together with the micro-finance institution Soro Yiriwaso so as to satisfy the needs of their clientele and are on their 4th solidarity loan. The preceding 3 loans were all correctly reimbursed. They sell condiments, drinks, fresh fish, fruit and vegetables, okra, and cooked food.
With their new loan they intend to buy 10 packets of condiments, 20 crates of drinks, 60 kg of fresh fish, 10 sacks of fresh vegetables, 15 sacks of fresh okra, and for their cooked food: 1 sack of 100 kg of rice, 3 packs of condiments, and 1 jerrycan of 20 liters of oil. They do their buying in the big open-air market of Sikasso town and in the surrounding villages. They sell their goods in Sikasso town, out of their homes, in the various markets, and in the neighborhoods on foot, for cash, retail, and on credit, to a clientele composed of men and women.
They each expect to make an average monthly profit of 32,500 F CFA of which part will be put into savings or used for family needs, the rest being invested back into their businesses. They count on having more working capital so as to better satisfy their clientele and to be able to set up a sales point.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur quatrième prêt de groupe après avoir correctement remboursés tous les prêts trois précédents.
Elles font de la vente de condiments alimentaires, de boissons, de poissons frais, des fruits et légumes, du gombo et de la restauration.
Avec leur nouveau prêt, elles comptent acheter, 10 paquets de condiments alimentaires, 20 casiers de boissons, 60 kg de poissons frais, 10 sacs de légumes frais, 15 sacs de gombo frais et pour la restauration 1sac de 100 kg de riz, 3 paquets de condiments alimentaires, 1bidon de 20 litres.
Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages avoisinants et effectuent leurs ventes à Sikasso ville, à domicile, dans les marchés et dans les quartiers de façon ambulante, au comptant,en détail et à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 32.500FCFA dont une partie sera utilisée pour l’épargne, les besoins de la famille et l’autre partie sera réinvestie dans les activités.
Elles comptent avoir plus de capitaux pour mieux satisfaire leurs clientèles et pouvoir aménager un coin pour la vente.
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