Ms. ASSA (first woman standing from the right in the photo) excels in selling Wax cloth. She is much in demand in and around SAN City. She intends to use her loan to purchase 15 lengths of 'pagnes' (the colorful cloth of western Africa) from SAN wholesalers. Accepting cash, she makes her sales retail to a customer base is composed of men and women.
With this loan, Ms. ASSA hopes to make an average monthly profit of 22,000 francs CFA that will be used for reinvesting in her business and helping out her husband in meeting household needs.
Madame, ASSA (1ere femme debout de la droite vers la gauche) excelle dans la vente de tissus wax. Elle est très sollicitée dans la ville de SAN et ses environnants.
Elle compte utiliser son prêt pour acheter, 15 pièces de pagnes auprès des grossistes de SAN. Elle effectue ses ventes au comptant, en détail à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame ASSA espère réaliser un bénéfice mensuel moyen de 22.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins 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