In order to meet client demand they have requested their ninth group loan with the microfinance institution of Soro Yiriwaso (Kiva Field Partner). The previous loans were all successfully repaid. They excel in the business of dying fabric with Awa F..
With the new loan she plans on purchasing 10 pieces of bazin fabric, and 20 kg of fabric dye. She acquires her goods in the market in Sikasso. She resells the dyed garments in Sikasso from the workshop she has in her home. She completes her sales in cash and her clientele is made up of both men and women.
She expects to earn a monthly income of 70.500 FCFA and a portion of this profit will be put away in savings and some will be used to fill the family's needs. The remaining portion will be reinvested back into the business.
Elles sont à leur neuvième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts précédents ont été bien soldés. Elles excellent essentiellement dans les activités de teinture tel AWA F..
Avec son nouveau prêt, elle compte acheter, 10 pièces de bazin, 20 kg de teinture. Elle s’approvisionne au grand marché de Sikasso. Elle vend ses habits teints à Sikasso dans son atelier et à domicile, au comptant à une clientèle composée d’hommes et de femmes .
Elle envisage réaliser un bénéfice mensuel moyen de 70.500FCFA 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