They are seeking their sixth loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to meet customer demand. Previous loans were repaid without problems.
Mariam is a member of this group who sells pagnes (colorful African cloth). She's the one standing in the middle in the photograph.
She intends to use her loan to buy 15 pieces of pagnes Wax at the Grand Market in Bamako. She resells them for cash, at a fixed spot at the Grand Market in Sikasso, as well as at her home, to a clientele comprising mostly women.
She intends to turn an average monthly profit of XOF 11.500 (ca US$ 22), to be used in part to repay the loan, and in part to increase her savings.
Elles sont à leur sixième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts passés ont été correctement remboursés.
MARIAM fait le commerce de pagnes dans ce groupe de femmes ÉTOILE, elle se tient au milieu en position debout.
Elle compte acheter avec son prêt 15 pièces de pagnes wax au grand marché de Bamako. Elle les revend au grand marché de Sikasso à une place fixe et en famille à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 11.500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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