Djènèba (sitting on the far right in the picture) plans to use her loan to buy 10 rolls of thread, one litre of oil for the maintenance of her machine and 10 bolts of wax pagnes (highly colourful and decorative West African cloth). She gets her supplies from the wholesalers at the Grand Market. She resells the clothes she makes for cash or credit in her workshop in Kalaban Coro to a clientèle mainly made up of women. She also earns a lot sewing clothes for her customers. Thanks to this loan, Djènèba hopes to make an average monthly profit of 80 000 francs which will be reinvested in her business. She aims to buy property destined for habitation whilst working with Soro Yiriwaso and Kiva.
Madame Djènèba (femme assise à l’extrême droite sur la photo) compte utiliser son prêt pour acheter 10 rouleaux de fils, un litre d’huile d’entretien pour la machine et 10 pièces de pagne wax. Elle se ravitaille en gros au grand marché en ces matériaux. La revente des habits cousus se fait au comptant et à crédit dans son atelier à Kalaban Coro à une clientèle composée majoritairement de femmes. En plus de ça, elle gagne beaucoup dans la couture des habits de sa clientèle. Madame Djènèba espère réaliser avec ce prêt un bénéfice mensuel moyen de 80 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle ambitionne acheter un lot à usage d’habitation dans cette relation avec Soro Yiriwaso/ Kiva.
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