Soro Yiriwaso, Association de Crédit
Increasing opportunities for women-farmers
With microloans from Mali microfinance institution Soro Yiriwaso, Adama Diarra has maintained her hectare of peanuts and expanded her cookie business. The 52 year old mother of four lives in the rural village of Dafara. She took out her first loan of XOF 50,000 (€ 76) through a group in 2007.
Adama's most recent loan was used to expand her side-business of baking cookies. Previously, she sold cookies only once a day but now her goods are sold at the local school in the morning and the market in the afternoon. In the wet season, peanuts are her primary source of income, while in the dry season income from the cookies supports the family.
With the profit from her ventures, Adama can send her children to school and buy them proper clothing. She says the ability to save and borrow money has allowed her to reinvest in her own business and gain financial independence.
Adapting to the needs of clients is a vital part of Soro Yiriwaso operations. The rural client base means staff travel hundreds of kilometers to deliver loans and collect payments and savings.
Soro Yiriwaso focuses on disadvantaged female entrepreneurs like Adama by providing sustainable financial services. It provides both individual and group loans to more than 40,000 clients, 90% of which are women.
Soro Yiriwaso has been an Oikocredit partner since 2006.Download this page as a PDF