The group members run businesses selling outfits (wax and embroidered pagnes and damask cloth), drinks, incense, fish, vegetables and cosmetic products, or catering businesses. In order to increase their business funds, the members of the group have decided to collaborate with Soro Yiriwaso. This is their first solidarity loan cycle.
Sabou (picture sitting on the far right) is renowned for the outfits (wax and embroidered pagnes and damask cloth) and incense she sells. She will use her loan to buy 20 wax pagnes in Bamako. She will then resell her products to individuals in her neighborhoods, mainly women.
Sabou hopes that this loan will help her make an average of 50,000 CFA francs per month, which she will use to reinvest in the business and care for her children.
Madame Sabou (femme assise en 1ème position de la droite vers la gauche sur la photo) est une grande vendeuse d’habits (pagnes wax, brodés, bazins) et d’encens. Elle compte utiliser son prêt pour acheter 20 pièces de pagnes wax à Bamako auprès des grossistes. La revente se fait en détail dans le quartier à une clientèle composée majoritairement de femmes. Madame Sabou espère avoir avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge l’entretien des enfants.
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
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Success!! The loan was 100% repaid