Aichata, standing on the left of the picture, is the Benkadi group member who sells fruit and vegetables. She plans to use her loan to buy baskets of fruits and vegetables; bananas, oranges, fresh tomatoes and aubergines. She resells them for cash to a clientèle composed of men and women. She gets her supplies from villages neighbouring the town of Sikasso and often at the Sikasso Grand Market. She expects to make an average monthly profit of 27 500 francs, part of which will be used to repay the loan and interest, whilst the rest is used to build up her savings.
AICHATA 1ère debout à gauche sur la photo fait le commerce de fruits et légumes à dans ce groupe de femmes BENKADI. Elle compte acheter avec son prêt des paniers de fruits et légumes : bananes, oranges, tomate fraîche et aubergines. Elle les revend au comptant à sa clientèle composée d’hommes et de femmes. Elle s’approvisionne dans les villages avoisinants de Sikasso et souvent au grand marché de Sikasso ville.
Elle envisage réaliser un bénéfice mensuel moyen de 27.500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne .
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