They know one another as neighbors, and through ties of kinship and friendship. They sell clothing, condiments, and tubers. This is their first group loan.
MAH C. plans to buy clothing from Fana wholesalers for resale on site at the village and in surrounding areas, for cash or credit, to a customer base composed of both men and women.
She expects to earn an average monthly profit of 15,000 FCFA, which she will use to make loan repayments and to cover expenses incurred for the children. Any 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’habillements, de condiments et de tubercules.
Les femmes du groupe Siguidolo sont à leur premier prêt solidaire. MAH C. compte acheter des habillements avec les grossistes de Fana pour les revendre sur place au village et dans les environnants au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 15000 F CFA qui sera utilisé pour payer les échéances du prêt, prendre en charge les dépenses liés à ses enfants 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