They have various businesses among others, selling condiments, shoes, smoked fish, potatoes, etc. With this new loan, they intend to buy 20 baskets of condiments, 35 pairs of shoes, 12 cartons of smoked fish, and 10 sacks of 50 kg of potatoes. They do their buying in the big market of Sikasso town and in the surrounding villages. The goods are sold retail in the markets and on foot around the area, to a clientele composed of women, men, and generally for cash.
They each expect to make a average monthly profit of 22,000 F CFA, of which a part will be invested back into their businesses and the rest put into savings.
Elles sont à leur neuvième collaboration avec l’institution de microfinance Soro Yiriwaso dont le but est de satisfaire le besoin de leur clientèle.
Elles mènent diverses activités qui sont entre autres la vente de condiments, de chaussures, de poisson fumé, de pomme de terre etc.
Avec ce nouveau prêt, elles comptent acheter, 20 paniers de condiments alimentaires ,35 paires de chaussures, 12 cartons de poissons fumés et 10 sacs de 50 kg de pomme de terre. Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages voisins.
Les marchandises sont vendues en détail au marché et de façon ambulante dans les quartiers, à une clientèle composée d’hommes et de femmes et généralement au comptant.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 22.000 FCFA dont une partie sera investie dans les activités et l’autre partie en 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