They know one another as neighbors and through ties of kinship and friendship. They sell dry goods, condiments and clothing, and they also keep market gardens.
The KOUNKOROTA members are on their first group loan, which they will use to purchase various dry goods, condiments, seeds and clothing. FANTA D. plans to buy a lot of dry goods from Dioïla wholesalers and also in Fana. She conducts her sales daily from her home and at the market, for cash and on credit, to a customer base consisting of both men and women.
She expects to earn an average monthly profit of 40,000 FCFA, which will be used to make loan repayments and contributions to social ceremonies. The remainder will be reinvested in her business activity.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce d’articles de boutique, de condiments, d’habillements et pratiquent le maraîchage.
Les femmes du groupe KOUNKOROTA sont à leur premier prêt solidaire qui sera utilisé pour acheter divers articles de boutique, de condiments, de semences et des habillements. FANTA D. compte acheter beaucoup d’articles de boutique avec les grossistes de Dioïla et souvent à Fana. Elle effectue ses ventes quotidiennement sur place à la maison et au marché, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 40 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.
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