These women have been merchants of various articles for quite some time. They have joined the microfinance institution Soro Yiriwaso in order to ensure the long-term success of their businesses. This is their sixth solidarity loan. They have repaid all their previous loans on schedule.
They will use this new loan to buy fabrics in Burkina Faso and also a large quantity of food condiments and various grocery articles such as sugar, vegetable oil and cans. They will buy these products in Bamako and retail them in Marka Counko to a clientele made up of women and men.
They expect to make an average monthly profit of 20,000 CFA francs each. They will reinvest part of their profit in their businesses and use part of it to contribute to the daily expenses of their families.
Elles se sont connues à travers des liens de voisinage et de parentés. Elles exercent le commerce d’articles divers il y’a un peu longtemps de cela.
Ces femmes collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pérenniser leurs activités lucratives.
Elles sont à leur sixième prêt solidaire et tous les prêts précédents ont été correctement remboursés.
Avec ce prêt elles comptent acheter, des tissus au Burkina, une grande quantité de condiments alimentaires et d’articles divers tels que le sucre, l’huile alimentaire, les boîtes de conserves. Ces produits sont achetés à Bamako et le tout est revendu sur place à MARKA COUNKO à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen de 20 000F CFA par mois. Les bénéfices sont d’une part réinvestis dans l’activité et d’autre part dans les dépenses quotidiennes de la famille.
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