Mrs. Sanata (the woman seated to the far left), is a successful fruit and vegetable vendor in the village of N’gara. She plans to use her loan to buy 24 baskets of papayas from sellers in the village and in surrounding areas. She makes her sales for cash and on credit from her home and at the market in Konodimini, as well as traveling around, to a clientele made up of men and women.
Mrs. Sanata hopes to make an average monthly profit of 20,000 FCFA with this loan, which will be used to reinvest in her business and to cover her children’s educational expenses.
Madame Sanata (femme assise en 1ème position sur la photo de la gauche vers la droite) est une grande vendeuse de fruits et légumes dans le village de N’gara. Elle compte utiliser son prêt pour acheter 24 paniers de papayes avec les exploitants du village et environnants du village. La revente se fait au comptant et à crédit à domicile et dans la foire de Konodimini en ambulant à une clientèle composée d’hommes et de femmes. Madame Sanata espère réaliser un bénéfice mensuel moyen de 20 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer la scolarisation des enfants du foyer.
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