They are on their sixth loan with the microfinance institution Soro Yiriwaso in order to satisfy their customers' needs. Their previous loans have been repaid in full.
Salimata, second from the left in the photo, does business selling pagnes (colorful wax cloth). Among the Danaya women's group, her reputation in her area makes her a frequently asked for salesperson.
She plans to buy 17 pagnes with her loan. She resells them as a traveling salesperson and at home, for cash and credit, to a clientele made up for men and women. She stocks up in Bamako and often at the big market in the city of Sikasso.
She envisions making a monthly profit of 37,500XOF, a part of which will be used to pay back the loan and its interest and the other part of which will be put into savings.
Elles sont à leur sixième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieures ont été bien dénoués.
SALIMATA 2ème à gauche sur la photo fait le commerce de pagnes wax à dans ce groupe de femmes DANAYA, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt 17 pièces de pagnes wax. Elle les revend de façon ambulante et en famille au comptant et à crédit à sa clientèle composée d’hommes et de femmes. Elle s’approvisionne à Bamako et souvent au grand marché de Sikasso ville.
Elle envisage réaliser un bénéfice mensuel moyen de 37.500FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son 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