Kadiatou (shown in the photo sitting second from the right) sells clothing of all qualities and all ages. She plans to use this loan to buy 50 full sets of clothing for children in the general wholesale market. She then resells her merchandise for cash and on credit in Sabalibougou and by traveling to her clientele, which is composed mainly of women.
With this loan, Kadiatou hopes to earn an average monthly revenue of 40,000 Francs CFA. She will use her income to reinvest in her business and to pay for household necessities. Kadiatou's aim is to purchase a plot of land for her children to live on.
Madame Kadiatou (femme assise en 2ème position de la droite vers la gauche) est une grande vendeuse de vêtements de toutes les qualités et de tous les âges. Elle compte utiliser son prêt pour acheter 50 complets d’habits pour enfants dans le grand marché en gros. La revente se fait au comptant et crédit à Sabalibougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Kadiatou espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les besoins du foyer en produits de première nécessité. Madame Kadiatou a pour ambition d’acheter une parcelle à usage d’habitation pour ses 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