This is their fourth loan with the microfinance institution Soro Yiriwaso, to help them meet their customers' needs. The previous loans have been successfully repaid.
Salimata, third on the right of the photo, sells wax pagnes (traditional printed cloth) in this group. Her knowledge in the area makes her a sought-after seller. With her loan, she will buy 8 pieces of wax pagnes, which she will sell on foot in the neightbourhood and to her family, to both male and female customers who buy on credit or with cash. She purchases supplies at Bamako and often at the Sikasso city market. She is aiming to earn 27,500 FCFA per month on average, part of which will be used to repay the loan, and part of which will go towards her savings.
Elles sont à leur quatrième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieures se sont bien dénoués.
SALIMATA 3ème à droite sur la photo fait le commerce de pagnes wax dans ce groupe de femmes DANAYA, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt, 8 pièces de pagnes wax. Elle les revend de façon ambulante et en famille au comptant et à crédit à sa clientèle composée d’hommes et de femmes. Elle s’approvisionne à Bamako et souvent au grand marché de Sikasso ville.
Elle envisage réaliser un bénéfice mensuel moyen de 27.500FCFA 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