Mougnou Ani Sabali Group
They became acquainted through neighborhood ties and their income-generating activities at the Banconi-Farada market. Group members are small retail merchants of charcoal, clothing, smoked fish from Mopti, fruit and vegetables.
To increase their working capital, the group decided to work with Soro Yiriwaso and are on their first group loan cycle.
Mrs. Massan (the woman sitting on the far right) is a big seller of fruit and vegetables of all kinds at the Banconi-Farada market . She plans to use the loan to buy a cartload of mangoes and pineapples.
She gets her fruit supplies from the markets in Bamako. Retail sales are conducted at the market, for cash, to a clientele composed mostly of women.
Mrs. Massan hope to achieve with this loan an average monthly profit of 40,000 FCFA, which will be used to reinvest in the business and to provide for her family's needs.
Madame Massan (femme assise à l’extrême droite) est une grande vendeuse de fruits et légumes de toutes sortes dans le marché de Banconi Farada. Elle compte utiliser son prêt pour acheter un chargement de charrette de mangues et des ananas. Elle s’approvisionne en fruits aux marchés de Bamako. La revente se fait au comptant au marché à une clientèle composée majoritairement de femmes. Madame Massan espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et subvenir aux besoins de sa famille.
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