Awa (shown seated in the center of the photo) sells plastic utensils of all types in Sabalibougou. She plans to use this loan to buy a parcel of items consisting of buckets, cups, ladles, plates and kettles. She purchases her merchandise in Bamako and resells it in Sabalibougou and by traveling to her clientele (composed mainly of women) for cash and on credit.
With this loan, Awa hopes to earn an average monthly revenue of 30,000 Francs CFA. She will use her income to reinvest in her business and to maintain her children while in this partnership with Soro Yiriwaso.
Madame Awa (femme assise au milieu sur la photo) est une grande commerçante d’ustensiles en plastique de toutes sortes à Sabalibougou. Elle compte utiliser son prêt pour acheter un colis d’ustensiles constitué de seaux, tasses, louches, assiettes et de bouilloires. Elle se ravitaille à Bamako et revend au comptant et à crédit à une clientèle composée majoritairement de femmes à Sabalibougou et en ambulant. Madame Awa espère réaliser avec ce prêt un bénéfice mensuel moyen de 30 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses enfants dans ce partenariat avec Soro Yiriwaso.
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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