They are on their sixth collaboration cycle with the microfinance institution Soro Yiriwaso, their goal being to meet customer demand. The previous loans have been well repaid. This women’s group sells fabrics, as, for example, Afou T. does.
Afou T. plans to use her loan to purchase 35 sets of traditional “pagnes wax” fabric. She stocks up at the big market of Sikasso and in Bamako.
She resells the “pagnes wax” fabrics at the Medine market in Sikasso and out of her home, for cash, to a customer base composed of women and men. She plans to achieve an average monthly income of 95,000 West African francs, to be used towards everyday family expenses.
Her goal is to increase her sales volume and better meet customer demand.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passés ont été remboursés dans de bonne condition. Ce groupe de femmes fait le commerce de tissus tel AFOU T..
AFOU T. compte acheter avec son prêt, 35 pièces de pagnes wax.
Elle s’approvisionne au grand marché de Sikasso et à Bamako .
Les pagnes wax sont revendus au marché de MEDINE à Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 95.000 FCFA utilisée pour les dépenses quotidiennes de la famille.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.
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