Tenincoura (shown in the photo standing on the far left) sells high quality shea butter. She plans to use this loan to buy 200 kg of shea butter. She purchases it wholesale in Bougouni. 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, Tenincoura hopes to earn an average monthly income of 50,000 Francs CFA. She plans to use her income to reinvest in her business and to ensure the good health of the children in her household.
Madame Tenincoura (femme debout à l’extrême gauche sur la photo) est une grande vendeuse dans la vente du beurre de karité de qualité; Elle compte utiliser son prêt pour acheter 200kg de beurre de karité. Elle se ravitaille en gros à Bougouni. La revente se fait au comptant et à crédit à Sabalibougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Tenincoura espère réaliser avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les soins de santé des enfants du foyer.
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