They are acquainted through the bonds of kinship and friendship. They sell condiments, clothing, and calabashes.
The women of the Konotièyelen group are on their eleventh group loan, which will be used to buy condiments, clothing, and calabashes.
Alimata N. buys calabashes at the market and from growers in Barouéli. She sells door-to-door and at the Fana and Dioïla markets, making cash and credit sales to a clientele that includes both men and women.
She plans to make an average monthly profit of 20,000 CFA, which will be sued to pay the loan payments and make contributions for social ceremonies. The remainder will be reinvested in her calabash business
Elles se sont connues à travers des liens de parenté et d’amitié, elles font le commerce des condiments, des habillements et des calebasses.
Les femmes du groupe Konotièyelen sont à leur onzième prêt solidaire qui sera utilisé pour acheter des condiments, des habillements et des calebasses.
ALIMATA N. s’approvisionne en calebasses au marché et auprès des producteurs de Barouéli. Elle effectue ses ventes sur place et à domicile, au marché de Fana et de Dioïla, au comptant et à crédit, à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice moyen mensuel de 20 000F CFA qui sera utilisé pour payer les échéances du prêt, payer les contributions des cérémonies sociales et le reste sera réinvesti dans son activité de commerce de calebasses.
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