They met through business and neighborhood proximities and work in food service, clothing retail, bridal dress rental and bridal makeup services.
This is the fourth solidarity loan requested by these women of the Kotognontala group.
Fatouamata D., who excels in food service, intends to use her loan to purchase two 100-kilo (220 lb) bags of rice, several kilos of tubers (potatoes and yam) and condiments packets for restaurants.
She procures her stock locally and often in Bamako as well, for rarer products. She retails locally in her Dioïla restaurant, selling cash to a clientele of women and men.
She plans on an average monthly benefit of 30,000 CFA francs to be used for her family everyday expenses, with the remainder being reinvested in her trade activities.
Elles se sont connues à travers des liens de commerce et de voisinage et font la restauration, le commerce des habillements, la location des robes de mariés et le maquillage des nouvelles mariées.
Ces femmes du groupe Kotognontala sont à leur quatrième prêt solidaire et Fatoumata D. qui excelle dans la restauration compte utiliser son prêt pour acheter, deux sacs de 100kg de riz, quelques kilos de tubercules (pomme de terre et igname) et des paquets de condiments alimentaires pour la restauration.
Elle s’approvisionne en produits sur place et souvent à Bamako pour les produits rares. Elle effectue sa vente sur place dans le restaurant à Dioïla, au comptant, à une clientèle composée de femmes et d’hommes.
Elle compte réaliser un bénéfice moyen mensuel de 30.000FCFA qui sera utilisé dans les dépenses quotidiennes de la famille et le reste sera réinvesti dans les activités de commerce.
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