Sara T., one of the group members, sells traditional colorful fabrics, wax and “bazin” (damask-type cloth). She plans to use her loan to purchase 10 sets of wax fabrics and nine sets of bazin. Her customer base is composed of men and women. She stocks up in Bamako in order to resell in San. She sells a large portion of her wares to teachers, who pay her in monthly installments. She plans to have a monthly income of 15,000 West African Francs. The group members plan to use their income to repay the loan, provide for family needs and reinvest the rest into expanding their business.
SARA T. du groupe qui vend des tissus wax et bazin compte acheter avec son prêt, 10 pièces de wax et 9 complets de bazin. Sa clientèle est composée d’hommes et de femmes. Elle s’approvisionne à Bamako pour revendre à SAN. Elle effectue une grande vente aux enseignants à crédit payable mensuellement.
Elle prétend mensuellement à un bénéfice de 15.000FCFA. Les membres du groupe BEN compte utiliser leur bénéfice pour rembourser la dette subvenir aux besoins familiaux et réinvestir dans l’entreprise pour pouvoir l’agrandir.
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