Mrs. Bassan (2nd woman standing on the left of the photo) is a seller of fruits and vegetables (bananas, apples, papayas, mangoes…) at the market Chateau in Segou.
She intends to buy six cases of bananas from the sellers at the wholesale market in Segou. She sells on account and on credit from her home and in the market Chateau in Segou to both men and women clients. Mrs. Bassan hopes that with the loan she can earn an average profit of 20,000 cfa francs which will be reinvested in the business and help take care of her family's needs.
Madame Bassan (2 ème femme en position debout sur la photo de la gauche vers la droite) est une vendeuse des fruits et légumes de toutes les qualités (banane, pomme, orange, papaye, mangue…) au marché château de Ségou. Elle compte utiliser son prêt pour acheter 6 Caisses de banane avec les forains de Koutiala au grand marché de Ségou. La revente se fait au comptant et à crédit à domicile et dans le marché château de Ségou à une clientèle composée d’hommes et de femmes. Madame Bassan compte réaliser avec ce prêt un bénéfice mensuel moyen de 20 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer le complément de condiments 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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