Fatoumata (seen standing on the far left in the photo) is involved in the sale of all types of condiments. She hopes to use her loan to purchase 200 kilos of shallots. She stocks up on products from the stallkeepers at Niono and the villages near Ségou, and re-sells them both in wholesale and in smaller quantities by cash and credit to a customer based largely comprised of women. She sells these products in an ambulatory way directly at people's homes or at the Château Ségou market. Fatoumata hopes to earn a monthly profit of 30,000 FCFA (approximately 58 USD) with this loan, which she will use to reinvest in her retail activity and to take charge of the little needs of her home.
Fatoumata (femme debout à l’extrême gauche sur la photo) est une grande vendeuse de condiments de toutes sortes. Elle compte utiliser son prêt pour acheter 200 kg d’échalote. Elle se ravitaille en condiments avec les forains de Niono et des villages environnants de Ségou; La revente se fait en détails au comptant et à crédit à une clientèle composée majoritairement de femmes à domicile et au marché Château de Ségou. Avec ce prêt, madame Fatoumata espère réaliser un bénéfice mensuel moyen de 30 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge les petits 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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