The women are on their 8th loan with the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. The previous loans were correctly paid back.
KANDIA, wearing blue in the photo, does commerce in dyed damask fabrics in this group of women. She intends to use her loan to purchase lengths of damask, which she dyes. She gets her supplies from the big market of Sikasso City and often in Bamako, the capital of Mali.
She resells the dyed fabrics locally at her home in the Hamdalaye district in Sikasso and often by special order. Her customer base is composed of men and women paying cash.
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 her savings.
Elles sont à leur huitième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieures ont été correctement remboursés.
KANDIA, en complet bleu sur la photo, fait le commerce de bazins teintés à dans ce groupe de femmes KOTOGNOGONTALA.
Elle compte acheter avec son prêt des pagnes de bazins qu’elle fait teinter. Elle s’approvisionne dans au grand marché de la ville de Sikasso et souvent à Bamako la capitale du Mali.
Elle revend teintés sur place à domicile au quartier d’Hamdalaye de Sikasso et souvent sur commande à une clientèle composée de femmes et d’homme au comptant.
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