The women of the Sonkoma group are on their fifth loan in solidarity.
The client Kadia, the second person from the left in the row of seated people, plans to buy 5kg of onion powder, one package of Maggie cubes, 2kg of salt and rice from the resellers of Nangola which will be prepared into dishes and sold on the spot and to the clients of the fair.
She envisions making an average monthly profit of 10,000 FCFA which will be used for the needs of her family and partly reinvested in her catering business.
Les femmes du groupe Sonkoma sont à leur cinquième prêt solidaire.
La cliente KADIA, deuxième personne à partir de la gauche dans le rang des assis, compte acheter 5kg de poudre d’oignon, un paquet de cube Maggie, 2kg de sel et du riz avec les revendeurs de Nangola qui seront préparés en plat alimentaires et vendus sur place et aux clients de la foire.
Elle envisage réaliser un bénéfice moyen mensuel de 10 000FCFA qui sera utilisé pour les besoins de la famille et une partie est réinvestie dans l’activité de restauration.
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