Total loan: $2,525
Soro Yiriwa Group
Sikasso, Sikasso, Mali / Clothing
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A loan helped Buying used clothing.
Soro Yiriwa Group's story
The members of the group Soro Yiriwa are essentially married women averaging 35 years of age and two children living for the most part in monogamous families in OUAYERMA I, a district in Sikasso City (3rd administrative region of the Republic of Mali). The group members are on their sixth collaboration with the micro-finance institution Soro Yiriwaso in order to meet the needs of their customers. The previous loans have all been settled. The group members sell wax pagnes (colorful West African cloth), dyed cloth, liquid soap, and second-hand clothing, as is the case with Ms. YOUMA K.. With her new loan, YOUMA is planning to buying 10 bales of second-hand clothing. She gets her supplies at the big market of Sikasso. Accepting cash and credit from a customer base composed of men and women, she makes her sales out of her home and at the market. She envisions making an average monthly profit of 47,000 francs CFA. Part of the profits will be put into savings and used for meeting family needs. The other part will be invested in her business.