They are on their seventh loan from the microfinance institution, Soro Yiriwaso, with the goal of satisfying customer demand. This group of women sell "pagnes", which are highly decorative pieces of fabric (this is the case for Bintou D.), oranges, soaps and charcoal.
With her loan Bintou D. is planning to buy 30 pieces of "pagne" fabric. She gets her supplies at Sikasso's large market and in Bamako. She sells her "pagnes" for cash at Sikasso's large market and within the family, to a customer base made up of men and women.
She is expecting to make an average monthly profit of 75,000FCFA, of which part will be used for the family's daily expenses and the rest invested in her business.
Elles sont à leur septième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Ce groupe de femmes fait le commerce de pagnes avec BINTOU D. , d’oranges , de savons et de charbon de bois.
BINTOU D. compte utiliser ce nouveau prêt, pour acheter 30 pièces de pagnes. Elle s’approvisionne au grand marché de Sikasso et à Bamako.
Les pagnes sont vendus 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 75.000FCFA dont une partie sera utilisée dans les dépenses quotidiennes de la famille 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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