Mrs Ba Oumou (the woman second from right to left in the photo) is a great shallot seller at the Pelengana market. She plans to use her loan to buy 400 kilogrammes of shallots from the producers at the Chateau de Segou market. She prepares them by removing the outer skin, washes them well, and then puts them into a plastic bag before selling them for cash or for credit to a mainly female clientele. With this loan, Mrs Ba Oumou hopes to make an average monthly profit of 32 000 FCFA which she will use to reinvest in her business and to provide for her children.
Madame, Ba Oumou (femme en 2ème position de la droite vers la gauche sur la photo) est une grande vendeuse d’échalotes dans le marché de Pelengana. Elle compte utiliser son prêt pour acheter 400kg d’échalotes avec les productrices au marché château de Ségou. Elle procède par enlever l’enveloppe externe, bien lavés puis mis en sachet plastique avant d’être revendu au comptant ou à crédit à une clientèle composée majoritairement de femmes. Avec ce prêt, Madame Oumou espère réaliser un bénéfice mensuel moyen de 32 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien 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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