Mamine T. of the Sarakognouman group will use her loan to purchase a large quantity of wood coal.
She buys her product from the coal producers in the village and surrounding areas and she resells in the village and in the market in Fana. She completes her sales in case, in wholesale and in credit, to a clientele made up of women and men.
She foresees a monthly earning of 100 FCFC which will be used to cover her family's daily expesnes and the rest will be reinvested back into the business.
Elle s’approvisionne auprès des charbonniers du village, dans les environnants et effectue sa vente sur place, au marché de Fana, au comptant, en gros et à crédit, à une clientèle composée de femmes et d’hommes.
Elle compte réaliser un bénéfice moyen mensuel de 100 000F CFA 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