In order to meet client demand they have requested their ninth group loan from the microfinance institution of Soro Yiriwaso (Kiva Field Partner). The previous loans were successfully repaid. This group of women takes on various business activities, including dying fabric with Oumou D..
With their loan she plans on purchasing 15 pieces of bazin fabric (both thick and thin fabric), 10 kg of potassium, and different dyes from the wholesalers in the market in Sikasso. She makes her sales from her workshop at home and by traveling to the different quarters of the city. She completes her sales in cash and sometimes on credit, selling to a clientele made up of both men and women.
She expects to earn a monthly income of 65.000 FCFA, of which a portion will be put away in savings, a portion will be used to meet the family's needs, and the rest 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. Tous les prêts précédents ont été correctement remboursés. Ce groupe de femmes fait plusieurs activités telles la teinture avec OUMOU D..
Avec son nouveau prêt, elle compte acheter, 15 pièces de bazin(riches et moins riches), 10 kg de potasse, de différentes colories de teinture auprès des grossistes au grand marché de Sikasso.
Elle vend dans son atelier et à domicile et en ambulant dans les différents quartiers de la ville, au comptant et quelques à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 65.000FCFA 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