They seek their eighth loan through the microfinance institution of Soro Yiriwaso (Kiva Field Partner) in order to meet client demand. This group of women sells cloth wraps and shoes with Wassa C.. With their loan they hope to purchase 100 pairs of shoes. They purchase their merchandise in the large market in Sikasso and sometimes in Bamako. The shoes are resold in the large market in Sikasso and from their home to a clientele made up of both men and women. The sales are completed mostly in cash.
She expects to earn a monthly income of 75 FCFA, a part of which will be used to help her husband meet the daily expenses, and some will be reinvested back into the business.
Elles sont à leur huitième 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 et de chaussures avec WASSA C., qui compte acheter avec son prêt, 100 paires de chaussures. Elle s’approvisionne au grand marché de Sikasso et quelques fois à Bamako. Les chaussures s sont revendues au grand marché de Sikasso et à domicile à une clientèle composée d’hommes et de femmes, essentiellement au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 75.000FCFA dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes 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