To meet customer demand, they are on their first loan with microfinance institution Soro Yiriwaso.
Among these women, Haby is in the used clothes business; she is standing in the middle of the photo.
With her loan, she is planning on purchasing two bundles of second-hand clothes from wholesalers, to be retailed with her family and door-to-door to a clientele composed mainly of women who pay in cash.
She is expecting an average monthly profit of 34,000 FCFA. Part of it will be used to repay the loan with its interest, while the remainder will go to her savings.
Her ambition is to increase sales and better satisfy her customers.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
HABY fait le commerce de friperies dans ce groupe de femmes, elle se tient au milieu sur la photo.
Elle compte acheter avec son prêt 2 balles de friperies auprès des grossistes qu’elle revend en détail en famille et en ambulant à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 34 000 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