Mrs. Mariam (the one seated in the middle of the photo) is well known for her cooked food in Sabaibougou. She plans to sue her loan to buy 35 chickens at the market. She roasts the chickens and sells them for cash and on credit in front of her house to a customer base composed mainly of men. With this loan, Mariam hopes to earn an average monthly revenue of 35,000 West African francs which will be used to reinvest in her business and provide first necessity items for her household. Mariam’s goal is to be able to buy a plot of land to use for housing thanks to her partnership with Soro Yiriwaso.
Madame Mariam (femme assise au milieu sur la photo) est une grande restauratrice à Sabalibougou. Elle compte utiliser son prêt pour acheter 35 poulets au marché. Les poulets sont rôtis et revendus au comptant ou à crédit à la porte de leur maison à une clientèle composée majoritairement d’hommes. Madame Mariam espère réaliser avec ce prêt un bénéfice mensuel moyen de 35 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les besoins du foyer en produits de première nécessité. Madame Mariam ambitionne d’acheter une parcelle à usage d’habitation 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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