This is the group's third loan with the Soro Yiriwaso microfinance institution, and has been requested to help them satisfy their customer's needs. The previous loans have been repaid in full.
Fatoumata, pictured on the right, sells wax and real pagnes (traditional printed cloth) as part of this group. With her loan, she would like to buy 10 pieces of wax and real pagnes wholesale. She buys her products at the Sikasso city market or at Bamako. She then resells the cloth on foot in the neighbourhoods of Sikasso city and to her family. Her customers are men and women, and often buy on credit. She is aiming to earn 35,250 FCFA per month, part of which will go towards paying off her loan, and part of which she will save.
Elles sont à leur treizième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts passés ont été correctement remboursés.
FATOUMATA 1ère à droite sur la photo fait le commerce de pagnes wax et real dans ce groupe de femmes DANAYA.
Elle compte acheter avec son prêt, 10 pièces de pagnes wax et real au prix d’en gros. Elle s’approvisionne au grand marché de Sikasso ville et souvent à Bamako.
Elle les revend au de façon ambulante dans les quartiers de Sikasso ville et en famille à une clientèle composée d’hommes et de femmes au comptant et souvent à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 35.250FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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