This group of women mostly sell various items such as "wax"-brand "pagnes" (lengths of high quality African print cloth), gourds, condiments, cereals, etc. They are much in demand and the quality of their merchandise is greatly appreciated.
Wishing to increase their working capital, they decided to join the loan program of the micro-finance institution Soro Yiriwaso, with whom they are on their first solidarity loan. This loan will be used to buy 10 lengths of "pagne-wax", 6 packages of gourds, 2 baskets of tomatoes and hot peppers, 1 sack of millet and 300 kg of tamarinds. They buy their gourds in Tonan, their "pagnes" and condiments in Bamako, the millet and tamarinds at the weekly markets of Djonforo and Sirakorobougou.
They sell all their merchandise retail, for cash and credit, out of their homes, at the "château" market in Ségou, and walking through the residential neighborhoods, to a clientele composed of men, women, and children. They expect to make an average monthly profit of 29,000 F CFA which will be used to reimburse the loan and to pay health-related expenses for their children.
Their ambition is to become wholesalers.
Ce groupe de femmes fait essentiellement le commerce d’articles divers tels, les pagnes wax, les calebasses, les condiments alimentaires, les céréales etc. Elles sont très sollicitées et appréciées pour la qualité de leurs marchandises.
Dans le but d’augmenter leur fonds de commerce, elles ont décidé d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso avec qui elles sont à leur 1ier prêt solidaire.
Ce prêt sera utilisé pour acheter, 10 pièces de pagnes wax, 6 colis de calebasses, 2 corbeilles de tomates et de piments, un sac de mil et 300 kg de tamarin. Elles se ravitaillent en calebasses à Tonan, en pagnes wax et en condiments à Bamako, en mil et en tamarin dans les foires de Djonforo et Sirakorobougou. Elles revendent toutes leurs marchandises en détail au comptant et à crédit à domicile, au marché château de Ségou et en ambulant dans les quartiers à une clientèle composée d’hommes, de femmes et d’enfants.
Elles comptent réaliser un bénéfice mensuel moyen de 29.000FCFA qui sera utilisé pour rembourser le prêt et la prise en charge des frais de santé des enfants.
Elles ont pour ambition de devenir des grossistes.
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