United by bonds of neighborhood and by professional ties, these women of the Lafia group buy and re-sell cosmetics, drinks, fruit, and condiments, etc.
They are on their third solidarity loan with the micro-finance institution Soro Yiriwaso, after having correctly reimbursed the two preceding loans.
With this new loan, they expect to buy 10 packets of condiments and 20 crates of drinks. They do their buying essentially in Sikasso town from wholesalers and sell in the market and the residential neighborhoods to a clientele composed generally of women and men, for cash, retail, and on credit.
They each expect to make a profit of 25,000 F CFA per month, of which part will be used for the needs of their families and the rest will be reinvested into their businesses.
Unies par des liens de voisinage et professionnel, ces femmes du groupe Lafia mènent des activités d’achat et de vente de produits de beauté, de boissons, de fruits, de condiments alimentaires etc.
Elles sont à leur troisième prêt solidaire avec l’institution de microfinance Soro Yiriwaso, après avoir correctement remboursés les deux précédents prêts.
Avec ce nouveau prêt, elles comptent acheter, 10 paquets de condiments alimentaires, 20 casiers de boisson.
Elles s’approvisionnent essentiellement à Sikasso ville avec les grossistes et effectuent leur vente au marché et dans les quartiers à une clientèle composée généralement de femmes et d'homme au comptant, en détail et à crédit.
Elles envisagent réaliser chacune un bénéfice de 25.000FCFA par mois dont une partie sera utilisée pour les besoins de la famille et l’autre partie sera investie dans les activités.
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