Mrs. Kadia (the first one from the right to the left in the photo) is known in Ségou Coura as a vendor of smoked and fresh fish. She plans to use her loan to buy 60 kg of smoked fish. She stops up in Markala. She sells retail, for cash and on credit to a customer base composed mainly of women. With this loan, Mrs. Kadia hopes to achieve an average monthly revenue of 20,000 West African francs, which will be reinvested in her business in order to expand it.
Madame Kadia (femme en 1ème position sur la photo de la droite vers la gauche) est connue à Ségou Coura pour sa vente de poissons fumés et frais. Elle compte utiliser son prêt pour acheter 60kg de poissons fumés. Elle se ravitaille en poisson à Markala. La revente se fait en détails, au comptant et à crédit à une clientèle composée majoritairement de femmes. Avec ce prêt, Madame Kadia espère réaliser un bénéfice mensuel moyen de 20 000 FCFA qui sera utilisé pour être réinvesti dans l’activité afin d’augmenter son volume.
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