Bintou (shown in the photo standing on the far right) is known in the Missira district for the quality of the cosmetics and other products she sells. She plans to use the loan to buy several packs of hair extensions, pomades, and artificial nails from her supplier in Bamako. She retails her merchandise for cash and credit to a diverse and varied clientele. With the help of this loan, Bintou hopes to earn an average monthly income of 22,000 FCFA which she plans to reinvest into her business so as to increase her purchasing power.
Madame Bintou (1ere femme debout de la droite vers la gauche dans la photo) est connue dans le quartier de Missira par sa qualité de vente des produits cosmétiques et divers. Elle compte utiliser son prêt dans l’achat de plusieurs paquets de mèches, des pommades et des ongles artificiels chez son fournisseur à Bamako. La revente se fait au comptant en détail et à crédit à une clientèle diverse et variée. Madame Bintou espère réaliser avec ce prêt un bénéfice mensuel moyen de 22.000FCFA qui sera réinvesti dans l’activité pour augmenter son pouvoir d’achat.
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