The women of the group Nieta are on their third loan.
This client, MAMOU, the second person from the left in the photo, intends to purchase 10 lengths of Wax 'pagnes' (the colorful cloth of western Africa) and 10 lengths of damask from Bamako wholesalers. She will then sell them locally from the house, by going door to door, and in Fana City.
She envisions making an average monthly profit of 50,000 francs CFA that will be used to meet family needs. Part of the profits will be reinvested in the clothing business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce d’habillements, de la friperie ,de condiments et de produits cosmétiques.
Les femmes du groupe Nieta sont à leur troisième prêt solidaire.
La cliente MAMOU, deuxième personne à partir de la gauche, compte acheter 10 pièces de wax et 10 pièces de bazin avec les grossistes de Bamako pour ensuite vendre sur place à la maison et en ambulante au niveau de la ville de Fana.
Elle envisage réaliser un bénéfice moyen mensuel de 50 000FCFA qui sera utilisé pour ses besoins de la famille et une partie est réinvestie dans l’activité de commerce d’habits.
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