Zenabou (the woman second from the left in the photo) is well-known in Darsalam and at the Médine Ségou market for her sales of shoes for all ages. She intends to use her loan to buy 40 pairs of shoes at the grand market in Bamako. She resells at retail in cash and on credit to a clientele composed mainly of women. With this loan, Zenabou hopes to realize an average monthly profit of 70,000 FCFA, which will be used to reinvest in her business and ensure the raising and education of her children.
Zenabou (femme en 2ème position sur la photo de la gauche vers la droite) est connue à Darsalam et au marché Médine Ségou pour la vente de chaussures de tous les âges. Elle compte utiliser son prêt pour acheter 40 paires de chaussures au grand marché de Bamako. Elle revend en détail au comptant et à crédit à une clientèle constituée majoritairement de femmes. Avec ce prêt, Zenabou espère réaliser un bénéfice mensuel moyen de 70.000 FCFA qui sera utilisé pour être réinvesti dans l’activité, assurer l’entretien et la scolarisation 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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Success!! The loan was 100% repaid