Mariam (second from the right in the photo) is an important grain seller in Ségou Coura. She is planning to use her loan to buy four bags of rice. She buys her grains in Niono and sells for cash or on credit to a retail customer base which mostly consists of teachers.
With this loan, she is expecting average monthly profits to reach 25,000 CFA francs which will be reinvested in her business and used to take care of her children.
Madame Mariam (femme en 2ème position sur la photo de la droite vers la gauche) est une grande vendeuse de céréales à Ségou Coura. Elle compte utiliser son prêt pour acheter 4sacs de riz. Elle se ravitaille en céréales à Niono. La revente se fait en détails, au comptant et à crédit à une clientèle composée majoritairement d’enseignants. Avec ce prêt, Madame Mariam espère réaliser un bénéfice mensuel moyen de 25 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien des enfants.
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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