Aminata (the woman standing in the middle) is well-known in Bougoufié and the Château Ségou market because of the rice she sells. She plans to use the loan to purchase 300 kg of husked rice from wholesalers. She makes retail cash and credit sales at home and at Château Ségou market to a mixed clientele. With her loan, Aminata hopes to make an average monthly profit of 40,000 francs CFA, which she plans to reinvest in her business and use to cover certain household expenses.
Madame Aminata (femme debout au milieu sur la photo) est connue à Bougoufié et le marché Château Ségou pour la vente de riz. Elle compte utiliser son prêt pour acheter 300 kilos de riz décortiqué auprès des grossistes et effectue ses ventes essentiellement en détail, au comptant et à crédit à domicile et au marché Château Ségou, à une clientèle mixte. Madame Aminata compte réaliser avec ce prêt un bénéfice mensuel moyen de 40.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer.
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