They are on their eighth loan from the microfinance institution, Soro Yiriwaso, with the goal of satisfying customer demand. All the seven previous loans have been repaid in full. This group of women sell a variety of items, including fish (this is the case for Ami K.).
With her loan Ami K. is planning on buying 15kg of fresh fish and a block of ice. She gets her supplies at Sikasso town's large market and she carries out her business in Sikasso town (at the market in Hamdallaye and from home). She sells for cash, on a retail basis and for credit to a customer base made up of men and women.
She is expecting to make an average monthly profit of 32,500FCFA, of which part will be used for savings and family needs, and the rest invested in her business. Her ambition is to buy a piece of land to live on in Sikasso.
Elles sont à leur huitième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les sept prêts précédents ont tous été bien soldés. Ce groupe de femmes fait le commerce d’articles différents et de poissons avec AMI K..
AMI K. compte acheter avec son prêt 15 kg de poissons frais + 1 barre de glace. Elle s’approvisionne au grand marché de Sikasso ville.
Elle mène son activité à Sikasso ville (au marché de Hamdallaye et à domicile). Elle effectue sa vente au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 32.500 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera investie dans les activités.
Elle ambitionne s’acheter un lot à usage d’habitation à Sikasso.
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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