Assitan, the second from the right in the picture, sells clothing. She will use her part of the loan to buy 10 pieces of rich bazin fabric, 15 shirts and 5 embroidered "pagnes" (traditional sarong-like clothing) at the markets in Sikasso, Bamako and Bobo-Dioulasso. She sells her wares to a mostly female clientele at the grand market of Sikasso, where she works with her family in a fixed spot under her hangar. She envisages an average monthly profit of 45 000 FCFA, and will use part of the money to repay the loan and interest, and the rest to support her husband with the household expenses.
Madame ASSITAN qui fait le commerce d’habillements dans ce groupe de femmes de KOSOMINE, est la deuxième debout à droite.
Elle compte acheter avec son prêt, 10 pièces de bazin riche, 15 chemises et 5 pièces pagnes brodés au grand marché de la ville de SIKASSO et quelques fois à BAMAKO et BOBO DIOULASSO.
Elle vend au grand marché de Sikasso, sous son hangar, en une place fixe et en famille à une clientèle composée pour la majeur partie de femmes, au comptant et en détail.
Elle envisage réaliser un bénéfice mensuel moyen de 45.000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et aider le conjoint à subvenir aux dépenses 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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