This is their fifth loan from the Soro Yiriwaso micro-finance institution as they try to satisfy their customers' needs.
Mrs. Djelika is on the far left, she sells beauty products.
With her loan she plans to buy cosmetics. She will sell them retail at the market in Ouayerma, in Sikasso to a clientele of men and women, for cash. She works in a stall with her family.
She plans to make a monthly profit of 20 000 francs CFA some of which will be used to repay the loan and the interests and the remainder she will save.
Elles sont à leur cinquième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme DJELIKA à l’extrême gauche fait le commerce de produits de beauté .
Elle compte acheter avec son prêt des produits de beauté qu’elle revendra en détail au marché de Ouayerma à Sikasso à une place fixe et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 20 000 francs CFA dont une partie est utilisée pour payer le prêt et son interêt 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