The women are on their 15th loan with the microfinance institution Soro Yiriwaso to satisfy customer need. The previous loans were correctly paid back.
IVONE, at the far right in the photo, is the one who dyes cloth in this group. She intends to use her loan to purchase lengths of damask cloth, dyes, thread, and caustic soda. She gets her supplies from the big market in Sikasso City.
She resells her dyed damasks by special order and provides such services at her home (Hamdallaye, a working-class district in Sikasso City). Her customer base is composed of men and women.
She envisions making an average monthly profit of 30,000 francs CFA. Part of the profits is used to repay the loan with interest, and the other part is for savings.
Elles sont à leur quinzième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieurs ont été correctement remboursés.
IVONE, au bout de la photo à droite, fait la teinture à dans ce groupe de femmes DANAYA.
Elle compte acheter avec son prêt des pagnes bazins, des colorants, des fils et de la soude caustique. Elle s’approvisionne au grand marché de Sikasso ville.
Elle revend ses bazins teintés sur commande et fait ses prestations à domicile (Hamdallaye) un des quartiers populaires de la ville de Sikasso. Sa clientèle est composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 30.000 FCFA 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