They are on their sixth collaboration with the micro-finance institution Soro Yiriwaso, in order to satisfy the needs of their customers. The past loans have been repaid properly.
This group of women sells various items such as "wax pagnes" (colorful traditional fabric) with the group’s president, Sali B..
Sali B. intends to buy 35 wax pagnes with her loan. She gets her supplies at the big market in SIKASSO and in Bamako. The wax pagnes are sold for cash at the market in MEDINE, at HAMDALLAYE in Sikasso and within the family to a customer base composed of men and women.
She plans to make an average monthly profit of 75,000 CFA francs that will be used to cover the family’s daily expenses. She aspires to increase her revenue in order to satisfy her customer base.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passé ont été remboursés dans de bonne condition. Ce groupe de femmes fait le commerce d’articles divers tel les pagnes wax avec la présidente du groupe, Sali B..
SALI B. compte acheter avec son prêt, 35 pagnes wax .
Elle s’approvisionne au grand marché de SIKASSO et à Bamako .
Les pagnes wax sont revendus au marché de MEDINE et à HAMDALLAYE à Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 75.000 FCFA utilisée pour les dépenses quotidiennes de la famille.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.
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