A loan of $675 helped a member to buy various products.

Soro Yiriwa Group's story

The six members of Soro Yiriwa Group (five married women and one single woman), on average, are 38 years old and have three children. Most of them live in monogamous families in Sanoubougou I, a neighborhood of the city of Sikasso in the third administrative region of the Republic of Mali. They have joined the microfinance institution Soro Yiriwaso in order to meet the demand of their customers. This is their fifth group loan and they have repaid all their previous loans on schedule.

Their businesses consist in selling karité (shea nuts), atièkè (a dish made of seasoned manioc sold with fish), fish, condiments, soap, cloths and beauty products. They will use their new loan to buy 2 sacks of 100 kg karité, 2 sacks of atièkè, 5 kg fresh fish, 5 boxes of food condiments, 2 boxes of BF soap, 2 rolls of cloth for men and 6 packages of beauty products. They buy their products in the city of Sikasso and the nearby villages, and they sell them at the market in Sanoubougou I, in the other neighborhoods of Sikasso and at home. They sell for cash and often on credit to a clientele made up of men and women.

They expect to make an average profit of 23,250 CFA francs (US$52) each per month. They will save or spend part of their profit to provide for their families and reinvest part of it in their businesses. They expect to have more capital at their disposal to better meet the demand of their customers and to be able to set up a sales outlet.

In this group: Alima , Awa, Djénébou , Ramatou, Aminata , Kadia

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Translated from French by Kiva volunteer Robert Mouris

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