Nyètaa Sabati Group
The group members are traders of milk and peanuts. With the goal of increasing their working capital, the group members joined Soro Yiriwaso and are on their 4th consecutive group loan. Oumou (the first woman standing in the photo - from left to right) has a good reputation in peanut sales in and around M’Pêbougou. She intends to use her loan to purchase 5 bags of peanuts. She buys her stock from the market stalls of Niono and Seribala at the Markala fair. They are sold for cash and credit door-to-door to a customer base composed mainly of women.
Oumou hopes to generate an average monthly profit of 35,000 FCFA which will both be re-invested in the business and used to ensure the upkeep of the children of the household.
Madame Oumou (1ère femme en position debout sur la photo de la gauche vers la droite) a une grande renommée dans la vente d’arachide à M’Pêbougou et environnants. Elle compte utiliser son prêt pour acheter 5 sacs d’arachide. Elle se ravitaille en arachide avec les forains de Niono et Seribala à la foire de Markala. La revente se fait au comptant et à crédit à domicile à une clientèle composée majoritairement de femmes. Madame Oumou espère avoir avec ce prêt un bénéfice mensuel moyen de 35.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien des enfants 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