Soro Yiriwa Group
The group members sell wax pagnes (colorful West African cloth), dyed cloth, liquid soap, and second-hand clothing, as is the case with Ms. YOUMA K.. With her new loan, YOUMA is planning to buying 10 bales of second-hand clothing. She gets her supplies at the big market of Sikasso. Accepting cash and credit from a customer base composed of men and women, she makes her sales out of her home and at the market.
She envisions making an average monthly profit of 47,000 francs CFA. Part of the profits will be put into savings and used for meeting family needs. The other part will be invested in her business.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Tous les prêts précédents ont été bien soldés. Elles font la vente, de pagnes wax, des tissus teintés, du savon liquide et de la friperie avec ASTAN K..
Avec son nouveau prêt, elle compte acheter 10 balles de friperies. Elle s’approvisionne au grand marché de Sikasso. Elle vend à domicile et au marché au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 47.000FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, 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