The women of the group Kotognontala are on their first solidarity loan, which will be used to purchase their merchandise.
This client, Assitan, who is second from the left in the photo, intends to purchase 50 kg of onions, 25 kg of salt, and 3 boxes of Maggi bouillon cubes. Purchases are made each week. These products will be sold retail to make a weekly profit of 30,000 francs CFA.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. elles font le commerce de charbon de bois, des condiments et de la restauration.
Les femmes du groupe Kotognontala sont à leur premier prêt solidaire qui sera utilisé pour acheter leurs marchandises.
La cliente Assitan la deuxième personne à partir de la gauche, compte acheter 50kg d’oignon, 25kg de sel et 3 cartons de cube maggi. L’achat se fait chaque semaine. Ces produits seront vendus en détail pour réaliser un bénéfice par semaine 30.000 FCFA.
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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