They have been in small-scale businesses for several years and are much in demand in their businesses. Concerned about satisfying the growing needs of their customers, the group members decided to join the Soro Yiriwaso loan program and are now on their first solidarity loan.
WASSA, who is the group's president and well-known in KANGARE, excels in selling clothing. She intends to use her loan to purchase 20 lengths of Wax 'pagnes' (the colorful cloth of western Africa) and a bale of secondhand clothing. She gets her supplies from Bamako and locally from wholesalers, and she sells her products retail in KANGARE to a customer base composed of men and women paying in cash or on credit.
She is hoping for a monthly profit of 40,000 francs CFA that will enable her to pay back the loan and reinvest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur premier prêt solidaire.
WASSA, qui est la présidente du groupe et très connue à KANGARE, excelle dans la vente d’habillement. Elle compte utiliser son prêt pour acheter, 20 pièces de pagne wax et de 1 balle de friperie. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses produits à KANGARE en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 40.000FCFA somme qui lui
permettra de rembourser le prêt et de réinvestir dans son activité.
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