Catherine (shown in the photo standing on the far right) is known in the Missira district for the quality of pagnes she sells. She plans to use the loan to purchase several pagnes from wholesalers with the goal of reselling them for cash on the spot. With this loan, Catherine hopes to earn an average monthly income of 20,000 FCFA. She plans to use her earnings to reinvest in her business, to pay for household necessities, and to pay for the health care costs of her children.
Madame Catherine (la 1ere femme debout de la droite vers la gauche dans la photo) est connue dans le quartier de Missira par sa qualité de vendeuse de pagnes (real wax, hollandais etc.) Elle compte utiliser son prêt dans l’achat de plusieurs pièces de pagnes auprès des grossistes dans le but de les revendre au comptant sur place. Madame Catherine espère réaliser avec ce prêt un bénéfice mensuel moyen de 20.000FCFA qui sera réinvesti dans l’activité et prendre en charge les besoins du foyer et frais de santé 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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Success!! The loan was 100% repaid