They met through neighbourhood, friendship and business contacts. To reinforce their financial capacity in order to do better business, they joined the Soro Yiriwaso micro finance institution and this is their third loan. The two previous loans were repaid correctly. This group of women buy and sell condiments like Tima, the only one sitting in the photo.
With her loan she plans to buy two boxes of Maggi cubes and four sacks of onions from the wholesalers in Sikasso. She sells her merchandise at the market retail for cash or credit to an essentially female clientele.
She hopes to make an average monthly profit of 45.000FCFA which she will use to reinvest in her business and repay her loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur troisième prêt. Les 2 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait l’achat vente de condiments à l’image de TIMA, la seule assise sur la photo.
Elle compte acheter avec son prêt, 2 cartons de cube Maggi, 4 sacs d’oignons avec les grossistes de Sikasso. Elle effectue ses ventes au marché, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 45.000FCFA qui sera investi dans les activités et rembourser le prêt.
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