They are seeking their ninth loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to meet customer demand. All eight previous loans were repaid without problems.
KADIA D. intends to use her loan to buy 100 banana bunches and a few baskets of papayas. She gets her supplies at the grand market in MEDINE. She resells the bananas and papayas for cash, at her home and at the market in MEDINE and HAMDALLAYE, to a clientele comprising both men and women.
She foresees turning an average monthly profit of XOF 85'000 (ca US$ 170), to be used to pay for the daily expenses of her family.
Elles sont à leur neuvième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les huit prêts passés ont été remboursé dans de bonne condition.
KADIA D. compte acheter avec son prêt, 100 régimes de bananes et quelques paniers de papayes. Elle s’approvisionne au grand marché de MEDINE. Les bananes et papayes sont revendus aux marchés de MEDINE et de HAMDALLAYE à Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 85.000FCFA utilisé pour les dépenses quotidiennes de la famille.
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