Kadiatou (all the way on the right in the photo) is a major merchant in Darsalam and at the Médine Ségou market, specializing in high quality pagnes wax and damask. She intends to use her loan to buy 21 sets of pagnes wax and damask. She gets her supplies at the grand market in Ségou and sometimes in Bamako. With this loan, Kadiatou hopes to realize an average monthly profit of 70,000 FCFA, which will be used to reinvest in her business and provide for her children's educational and other needs. Like the other women in the group, her ambition is to buy a plot of land to live on with the savings built up with Soro Yiriwaso.
Kadiatou (femme en 1ère position de la droite vers la gauche sur la photo) est une grande vendeuse à Darsalam et dans le marché Médine Ségou de pagnes wax de qualité et de bazins. Elle compte utiliser son prêt pour acheter 21 pièces de pagnes wax et bazins. Elle s’approvisionne en marchandises au grand marché de Ségou et parfois à Bamako. Avec ce prêt, Kadiatou espère réaliser un bénéfice mensuel moyen de 70 000 FCFA qui sera utilisé pour être réinvesti dans l’activité, assurer l’entretien et le scolarisation des enfants. Tout comme les autres femmes du groupe, elle a pour ambition d’acheter un lot à usage d’habitation avec l’épargne constituée avec Soro Yiriwaso.
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