They dye fabrics and sell dyed fabrics; they also sell shoes, wax fabrics and food products, and make and sell incense, like Safiatou, standing in the center of the photo and the leader of the group.
In order to increase their businesses, the members of the group have joined Soro Yiriwaso and this is their 14th solidarity loan cycle.
Safiatou is planning to use her loan to buy 20 kg of gueni (a fragrant root used to make incense) and ten boxes of perfumes.
She buys her supplies locally from wholesalers in Sikasso, and she sells from home to a customer base which is made up of men and women.
Safiatou is expecting average monthly profits to reach 80,000 CFA francs, which will be reinvested in her business and also used to buy the condiments that her family needs.
Elles font de la teinture et vente des habits teintés, de la fabrication et vente de l’encens à l’image de Safiatou la présidente du groupe qui est debout au milieu sur la photo, la vente de chaussures, de pagnes wax et des produits alimentaires.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 14ème cycle de prêt solidaire.
Madame Safiatou compte utiliser son prêt pour acheter, 20 kilos de guéni, 10 cartons de parfums. Elle s’approvisionne sur place à Sikasso, auprès des grossistes et effectue ses ventes à domicile, à une clientèle composée d’hommes et de femmes. Madame Safiatou compte réaliser avec ce prêt un bénéfice mensuel moyen de 80.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge les besoins du foyer en condiments.
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