Bintou (who is sitting second from the left towards the right of the photo) is a large seller of cereals in the village of Donsobougou and the surrounding areas. She is planning to use her loan to buy four sacks of millet from wholesalers at the Cinzana Gare fair. She will resell this for cash and on credit to a customer base made up of men and women. With this loan, Bintou is hoping to make an average monthly profit of 15,000FCFA, which will be used to reinvest in the business and cover the restocking of condiments in the household.
Madame, Bintou (assise en 2ème position de la gauche vers la droite sur la photo) est une grande vendeuse de céréales dans le village de Donsobougou et ses environnants. Elle compte utiliser son prêt pour acheter 4 sacs de mil en gros à la foire de Cinzana Gare. La revente s’effectuera au comptant à crédit à une clientèle composée d’hommes et de femmes. Avec ce prêt, Madame Bintou espère réaliser un bénéfice mensuel moyen de 15 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer le ravitaillement du foyer en condiments
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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