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Soro Yiriwa Group
In this Group: Alima , Awa, Djénébou , Ramatou, Aminata , Kadia
The six members of Soro Yiriwa Group (five married women and one single woman), on average, are 38 years old and have three children. Most of them live in monogamous families in Sanoubougou I, a neighborhood of the city of Sikasso in the third administrative region of the Republic of Mali. They have joined the microfinance institution Soro Yiriwaso in order to meet the demand of their customers. This is their fifth group loan and they have repaid all their previous loans on schedule.


Their businesses consist in selling karité (shea nuts), atièkè (a dish made of seasoned manioc sold with fish), fish, condiments, soap, cloths and beauty products. They will use their new loan to buy 2 sacks of 100 kg karité, 2 sacks of atièkè, 5 kg fresh fish, 5 boxes of food condiments, 2 boxes of BF soap, 2 rolls of cloth for men and 6 packages of beauty products. They buy their products in the city of Sikasso and the nearby villages, and they sell them at the market in Sanoubougou I, in the other neighborhoods of Sikasso and at home. They sell for cash and often on credit to a clientele made up of men and women.


They expect to make an average profit of 23,250 CFA francs (US$52) each per month. They will save or spend part of their profit to provide for their families and reinvest part of it in their businesses. They expect to have more capital at their disposal to better meet the demand of their customers and to be able to set up a sales outlet.

View original language description ↓
Les six membres du groupe Soro Yiriwa (5 femmes mariées et 1 célibataire) ont en moyenne 38ans et en moyenne 3 enfants. Elles vivent la plupart dans des familles monogames à Sanoubougou I un des quartiers de la ville de Sikasso, 3ème région administrative de la république du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur cinquième prêt solidaire après avoir correctement remboursés tous prêts précédents.
Elles font la vente de chenilles de karité, d’atièkè, de poisson, de condiments, des savons, des tissus et des produits de beauté.
Avec leur nouveau prêt, elles comptent acheter, 2 sacs de 100kg de chenilles de karité, 2 sacs d’atièkè, 5 kg de poissons frais, 5 paquets de condiments alimentaires, 2 cartons de savons(BF), 2 rouleaux de tissus pour homme et 6 emballages de produits de beauté. Elles s’approvisionnent au marché de Sikasso ville et les villages avoisinants et vendent au marché de Sanoubougou I, dans les autres quartiers de la ville de Sikasso et à domicile. Elles vendent au comptant et souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 23.250 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille; l’autre partie sera investie dans les activités.
Elles comptent avoir plus de capitaux pour mieux satisfaire leurs clientèles et pouvoir aménager un point de vente.

Additional Information

Important Information

Soro 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.

About Mali

  • $1,200
    Average annual income
  • 81
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 445.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soro Yiriwa Group's $675 loan helped a member to buy various products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2010