The women are on their sixth loan with the microfinance institution Soro Yiriwaso to the needs of their customers. The previous loans were correctly paid back.
MARIAM, at the far right in the photo, sells secondhand clothing in this group of women. She intends to use her loan to purchase a bale of secondhand clothing. She gets her supplies from the big market of Sikasso City.
She resells the merchandise by going door to door and 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 40,000 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 sixième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieurs ont été correctement remboursés.
MARIAM, au bout de la photo à droite, vend de la friperie à dans ce groupe de femmes SOUTOURA.
Elle compte acheter avec son une balle de friperie. Elle s’approvisionne au grand marché de Sikasso ville.
Elle les revend de façon ambulante et 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 40.000FCFA 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