This is their thirteenth loan with the microfinance institution Soro Yiriwaso. They are taking this loan in order to satisfy the needs of their customers. Their previous loans were successfully completed.
Among the members of the BADEYA women's group, Nana sells dyed damask pagnes (traditional West-African fabrics). In the photo, she is in the standing row, second from the right. She is a popular seller and her products are in high demand.
With her loan, she is planning to buy some sets of damask pagnes ("riche" grade and other). She will then have them dyed according to the taste of her customers. She resells her merchandise for cash or on credit to customers of both genders. She buys her goods in Bamako and often at the Grand Market of the city of Sikasso.
She is expecting average monthly profits to reach 57,500 CFA francs, part of which will be used to pay off her loan and interest, while the rest will be put into savings.
Her ambition is to increase her turnover in order to better satisfy the needs of her customers.
Elles sont à leur treizième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieures se sont bien dénoués.
NANA 2ème debout à droite sur la photo fait le commerce de Bazin teintés dans ce groupe de femmes BADEYA, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt des pièces de pagnes bazin (riches et moins riches) qu’elle fait teinter suivent le gout de ses clients. Elle les revend 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 57.500 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