They are on their seventh loan with the microfinance institution Soro Yiriwaso. Their goal is to satisfy the demand of their clients. All of the six previous loans have been properly repaid. This group of women is in the business of selling various articles such as fabric with Astan B..
Astan B. plans to buy 35 Wax pagnes (brightly colored fabric used for clothing). She gets her supplies at the main market in Sikasso and in Bamako.
The Wax pagnes are resold at retail at the market in Medine, in Hamdallaye, in Sikasso and within the family to a clientele composed of men and women.
She plans to make an average monthly profit of 75,000 FCFA which will be used to cover daily family expenses. Her goal is to increase her turnover in order to better meet the demand of her clients.
Elles sont à leur septième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et tous les six prêts passés ont été remboursés dans de bonnes conditions. Ce groupe de femmes fait le commerce d’articles divers tels les tissus avec ASTAN B..
ASTAN 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, de HAMDALLAYE à SIKASSO et en famille à une clientèle composée d’hommes et de femmes au comptant et en détail.
Elle envisage réaliser un bénéfice mensuel moyen de 75.000 FCFA qui sera utilisé 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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