They are requesting their first loan with the microfinance institution Soro Yiriwaso to meet the needs of their customers.
KADIA, who is squatting on the right of the photo, is the featured borrower in the BENKADI group of women. She trades second-hand clothing and her excellent reputation in this line of work makes her a much sought-after saleswoman.
She intends to use the loan to buy two bales of used clothing that she will sell retail as a street trader and from her home for cash and for credit to a customer-base consisting of both men and women. She gets her supplies from Bamako and often from the big market in the city of Sikasso.
She would like to generate an average monthly profit of 17,500 FCFA- She will use a part of the money to pay back the loan with interest and she will put the rest into savings.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
KADIA 1ere à accroupie à droite sur la photo fait le commerce de friperie dans ce groupe de femmes BENKADI, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt deux balles de friperies qu’elle revendra en détail, de façon ambulante et en famille au comptant et à crédit à une 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 17.500 FCFA dont une partie sera utilisée pour payer le prêt et son interêt et l’autre pour mon 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