This is their first loan with microfinance institution Soro Yiriwaso, which they are seeking in order to satisfy the needs of their customers and sell a variety of goods: spices, fruits and vegetables, clothing, grains, etc.
Setou, standing in the center of the photo, runs a business purchasing and selling traditional, high-quality cloth (pagnes wax) and children's clothing. With her loan, she plans to purchase 30 pieces of high-quality, traditional cloth (pagnes wax) at the large market in Bamako, as well as from wholesalers in Bobo Dioulasso. She makes her sales at retail for cash and credit, from a family stall at the large market in Sikasso, to a group of customers made up of men and women.
Setou expects to make a monthly profit of 30,000 CFA francs, part of which will be used to repay her loan and its interest, while the remainder will go into savings.
She aims to increase her sales in order to better satisfy her customers.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leurs clientèles et font le commerce d’articles divers : condiments, fruits et légumes, habillements, céréales etc.
SETOU debout au milieu, mène les activités d’achat et de vente de pagnes wax et de vêtements pour enfants.
Elle compte acheter avec son prêt, 30 pièces de pagnes wax au grand marché de Bamako et de Bobo Dioulasso auprès des grossistes. Elle effectue sa vente au grand marché de Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant, en détail et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 30 000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne .
Elle ambitionne 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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