Marama (the woman sitting on the right in the photo) has a great reputation in the sale of condiments in the village of Jico and its surroundings. She plans to use her loan to buy 500kg of baobab powder. She resupplies herself in powders with the women from the town and surroundings. The resale is done for cash and credit to a clientèle made up mainly of women in Ségou. With this loan, Marama hopes to make an average monthly profit of 45,000 FCFA which will be reinvested in her business and used to ensure the care of her children at home.
Madame Marama (femme assise à droite sur la photo) a une grande réputation dans la vente des condiments dans le village de Jico et ses environnants. Elle compte utiliser son prêt pour acheter 500kg de poudre de baobab. Elle se ravitaille en poudres avec les femmes du village et environnants. La revente se fait au comptant et à crédit à une clientèle composée majoritairement de femmes à Ségou. Avec ce prêt, Madame Marama espère réaliser un bénéfice mensuel moyen de 45 000 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