The women of the Kotognontala group are on their 7th loan in solidarity which will be used to buy drinks, charcoal and a variety of shop items.
The client Fatoumata, the first person from the right in the row of seated people, plans to buy about 20 cases of soft drinks with the suppliers in Bamako. She will then resell them at the market in Fana to a diverse and varied clientele.
She envisions making an average monthly profit of 30,000 FCFA which will be used for her family's needs and partly reinvested in her business selling drinks.
Les femmes du groupe Kotognontala sont à leur septième prêt solidaire qui sera utilisé pour acheter des boisson, de charbon de bois et d’articles divers de boutique.
La cliente FATOUMATA, première personne dans le rang des assises, à partir de la droite, compte acheter une vingtaine de casiers de boissons non alcoolisées (appelé dans le jargon malien la "sucrerie" autrement dit les sodas ) avec les fournisseurs de Bamako, pour ensuite revendre au marché de Fana à une clientèle diverse et variée. Elle envisage réaliser un bénéfice moyen mensuel de 30 000FCFA qui sera utilisé pour ses besoins de la famille et une partie est réinvestie dans l’activité de vente de boissons.
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