These women buy and sell rice, wax and damask fabrics, and various other goods such as tea, pasta etc. Eager to meet their customers' increasing needs, they have joined Soro Yiriwaso and this is their tenth solidarity loan.
Standing first from the left in the photo, Awa is an important seller of all grades of "bazin" or damask fabrics, in the village of Sèmèbougou as well as in the surrounding areas. She is planning to use her loan to buy seven sets of "bazin" fabrics, all printed differently. She buys damask fabrics from dyers in Ségou and resells them for cash or on credit to a customer base which, in her village, consists of both men and women. She also sells as an itinerant retailer in nearby villages, as well as at the market by the Ségou water tower.
Thanks to this loan, Awa is expecting average monthly profits to reach 70,000 CFA francs, which will be reinvested in her business and also used to pay her children's school fees and to buy the condiments that her family needs. Like the other women of the group, her goal is to use her partnership with Soro Yiriwaso to buy a plot of land in her commune's main town, to eventually build a house.
Madame, Awa (1ère femme debout sur la photo de la gauche vers la droite) est une grande vendeuse de pagnes bazins de toutes qualités dans le village de Sèmèbougou et ses environnants. Elle compte utiliser son prêt pour acheter sept pièces de pagnes bazins teintées différemment. Elle s’approvisionne en bazins avec les teinturières de Ségou. La revente se fait au comptant et à crédit à une clientèle composée d’hommes et de femmes dans le village, en ambulant dans les villages voisins et à la foire du marché château de Ségou. Avec ce prêt, Madame Awa espère réaliser un bénéfice mensuel moyen de 70 000 FCFA qui sera utilisé pour être réinvesti dans l’activité, prendre en charge la scolarisation des enfants et les besoins du foyer en condiments. A l’image des autres femmes du groupe, elle a pour objectif d’acheter un lot à usage d’habitation dans leur chef lieu de commune dans ce partenariat avec Soro Yiriwaso.
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