Alimata (standing on the left in the photo) has a great reputation in their region for the sales of gourds, mortars and engraved pestles. She plans to use her loan to buy 150 mortars and 100 pestles. They are then engraved with pretty motifs and slogans using heated pliers. The sales are made for cash or credit, at home and on the streets in the districts of Ségou, to a clientèle made up mainly of women. Alimata hopes to make an average monthly profit of 50 000 francs thanks to this loan, which will be reinvested in her business and used to ensure take care of the children in the household. As with the other members of the group, Alimata's aim is to increase her volume of business whilst working in partnership with Soro Yiriwaso.
Madame Alimata (femme debout à l’extrême gauche sur la photo) a une grande réputation dans la vente des calebasses, pilons et mortiers gravés dans leur terroir. Elle compte utiliser son prêt pour acheter 150 mortiers et 100 pilons. Ils sont ensuite gravés de beaux dessins et slogan à l’aide d’une pince que l’on rougit. La revente se fait au comptant et à crédit à domicile et dans les quartiers de Ségou en ambulant à une clientèle composée majoritairement de femmes. Madame Alimata espère réaliser un bénéfice mensuel moyen de 50 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien des enfants du foyer. A l’instar des autres femmes du groupe, Madame Alimata a pour objectif d’augmenter le volume de son activité dans ce partenariat 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