To strengthen their working capital and better conduct their business activities, they joined the Soro Yiriwaso microfinance institution and this is their first loan cycle. They sell condiments.
ADIARA, standing second from the left, plans to use her loan to buy 40 kg of salt and 2 cartons of Maggi bouillon cubes from wholesalers in BOUGOUNI. She sells at retail from her home and at the market, for cash and on credit, to a clientele consisting mainly of women.
She expects to earn an average monthly profit of 15,000FCFA, which she will use to repay her loan and to reinvest in her activity.
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 1er prêt. Ce groupe de femmes fait le commerce de condiments ADIARA,elle est la 2éme femme debout dans la photos de la gauche vers la droite. Elle compte acheter avec son prêt, 40Kg de sel wassa et 2cartons de cube Maggi avec les commerçants grossistes de BOUGOUNI. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 15.000FCFA 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