They are seeking their second loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to meet customer demand. The previous loan was repaid without problems. This group of women trades embroidered fabrics through ASSITAN C..
ASSITAN C. intends to use her loan to buy 35 embroidered "pagnes" (colorful African cloth). She gets her supplies at the grand market in Sikasso. She resells, for cash and on credit, at the SANOUBOUGOU I market in Sikasso, as well as at her home, to a clientele comprising men and women.
She foresees turning a monthly profit of XOF 45'000 (ca US$ 90), to be used to provide for her family's daily expenses and to repay the loan.
Elles sont à leur deuxième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, le prêt passé a été remboursé dans de bonne condition. Ce groupe de femmes fait le commerce de tissus brodés à travers ASSITAN C..
ASSITAN C. compte acheter avec son prêt, 35 pagnes de tissus brodés. Elle s’approvisionne au grand marché de Sikasso. Elle effectue sa vente au marché de SANOUBOUGOU I à Sikasso et en famille à une clientèle composée d’hommes et de femmes, en détail et au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 45.000FCFA utilisée pour les dépenses quotidiennes de la famille et rembourser le prêt.
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