Soro Yiriwa. Group
This group of women is in the retail business. For some it is selling pagnes wax (variety of colourful West-African clothing fabric), for others it is selling vegetables (cabbages, carrots, eggplants) like Koura O..
Koura O. wants to use her loan to buy 20 baskets of vegetables.
She gets her supplies from the main Médina market in Sikasso and from orchards in neighbouring villages. The vegetables are then resold at the main market in Sikasso and through home delivery, for cash, to both men and women customers.
She is hoping to attain an average monthly income of 17,500 FCFA of which part will be used for family expenses and social events, and the remainder reinvested in the commercial activities.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passés ont été bien remboursés.
Ce groupe de femmes fait le commerce tels les légumes (choux, carottes, aubergine) à l’image de Koura O., les pagnes wax etc..
Koura O. compte acheter avec son prêt, 20 paniers de légumes
Elle s’approvisionne au grand marché de Médine à Sikasso et dans les vergers des villages voisins. Les légumes sont revendus au grand marché de Sikasso et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 17.500FCFA dont une partie sera utilisée dans les dépenses familiales et les évènements sociaux et l’autre partie sera investie dans les activités.
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