They joined the microfinance institution Soro Yiriwaso in order to meet their customers' needs. This is their fourth solidarity loan and they fully repaid the previous ones.
They sell shea butter and plastic bins.
With this new loan each of them is planning to buy 150 kg. of shea butter and four dozens of plastic bins.
They buy their supplies in the neighbor villages and at the big market in the city of Kadiolo.
They sell their products for cash in Kadiolo and at the market on fair days to a customer base of both men and women.
They expect to reach average monthly earnings of 35,750 FCFA each, of which part will go into savings and meeting family needs, and the remainder will be reinvested in their business. Their ambition is to become wholesalers.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur quatrième prêt solidaire. Tous les trois prêts précédents ont été bien remboursés.
Elles font la vente de beurre de karité et des tasses en plastique.
Avec leur nouveau prêt, elles comptent acheter chacune, 150kg de beurre de karité, 4 douzaines de tasses en plastique.
Elles s’approvisionnent dans les villages avoisinants et au grand marché de la ville de Kadiolo. Elles vendent à Kadiolo ville et au marché les jours de foires, au comptant à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel de 35.750 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera investie dans les activités.
Elles ambitionnent devenir des 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