The women of the group Kotongnontala are on their first solidarity loan, which will be used to purchase their merchandise.
This client, Mossodje, who is standing in the middle in the photo, intends to purchase 12 lengths of 'pagnes' (the colorful cloth of western Africa) from wholesalers. The goods will be sold in Dioïla. She envisions making a monthly profit of 20,000 francs CFA that will be used to cover family expenses and pay back the loan.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce d’habillements, condiments, du miel, des légumes.
Les femmes du groupe Kotongnontala sont à leur premier prêt solidaire qui sera utilisé pour acheter leurs marchandises.
La cliente Mossodje debout au milieu, compte acheter 12 pagnes chez les grossistes qui sera vendu à Dioïla et elle envisage réaliser un bénéfice mensuel de 20.000FCFA qui sera utilisé pour subvenir au dépenses de la famille et rembourser le prêt.
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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