Wasso Magni Group
Allimata (standing on the far left of the photo) is a significant seller of firewood in the village of Kolotomo. She is planning to use her loan to buy 20 barrowloads of firewood from the village peasants. She resells it for cash and on credit in the various districts of Ségou to a customer base made up of men and women. With this loan Alimata is expecting to make an average monthly profit of 20,000FCFA, which will be used to reinvest in her business and provide for condiments in her household.
Madame Alimata (1ère femme en position debout sur la photo de la gauche vers la droite) est une grande vendeuse du bois de chauffe dans le village de Kolotomo. Elle compte utiliser son prêt pour acheter, 20 chargements de charrettes de bois de chauffe avec les paysans du village. La revente se fait au comptant et à crédit dans les quartiers de Ségou à une clientèle composée d’hommes et de femmes. Madame Alimata compte réaliser avec ce prêt un bénéfice mensuel moyen de 20 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les besoins 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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