This is their ninth loan to meet their customers’ needs with the microfinance institution Soro Yiriwaso.
Madame Awa, first from the left and holding two squashes, sells condiments.
With her loan, she intends to purchase five baskets of tomatoes, three boxes of Maggi cube that she will retail at the market of Medine in Sikasso. She sells for cash at a permanent stall and from home to a clientele composed of men and women.
She plans on making an average monthly profit of 40,000 Francs CFA. Part of which is used to pay the loan and its interest and the other part for her savings. She aims to increase her turnover to better meet her customers’ demand.
Elles sont à leur neuvième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame AWA en première position à partir de la gauche et tenant deux courges fait le commerce de condiments.
Elle compte acheter avec son prêt, 5 paniers de tomate, 3 cartons de cube maggies qu’elle revendra en détail au marché de Médine à Sikasso à une place fixe et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 40 000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne .
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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Success!! The loan was 100% repaid