Farafina Lolo Group
They are in their fourth loan with the Soro Yiriwaso micro-finance institution to meet the needs of their customers. Previous loans have been fully repaid.
Kadia, who is standing at the extreme right of the photo, retails sets of clothes and other clothing in the Farafina Lolo group of women. Her reputation with this activity makes her a highly sought-after vendor.
She intends to use the loan to buy three dozen full sets of clothing (pants and shirt and / or dress and skirt) for children. She sells as an itinerant vendor and with her family, for cash and credit to her clientele consisting of men and women. She resupplies in Bamako and Sikasso.
She expects average monthly profits of 35,000 FCFA, part of which is used to repay the loan and the interest, and the other part put into savings.
Elles sont à leur quatrième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieurs ont été bien remboursés.
KADIA debout à extrême droite sur la photo fait la vente d’habits et de vêtements dans ce groupe de femmes FARAFINA LOLO, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt 3 douzaines de vêtements complets (pantalon et chemise et/ou robe et jupe) pour enfants. Elle les revend de façon ambulante et en famille au comptant et à crédit à sa clientèle composée d’hommes et de femmes. Elle s’approvisionne à Bamako et à Sikasso.
Elle envisage réaliser un bénéfice mensuel moyen de 35 000 FCFA dont une partie est utilisée pour payer le prêt, son interêt et l’autre partie 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