Madame Bah (the woman standing on the far right of the photo) intends to use her loan to buy one sack of rice wholesale from the farmers in Konodimini. The resale will be done for cash and credit from her home and in Konodimini to a clientele composed mainly of women. Madame Bah hopes to make an average monthly profit of 20,000 f CFA with this loan which will be used to cover the needs of her children and to grow her working capital.
Madame Bah (femme debout à l’extrême droite dans la photo) compte utiliser son prêt pour acheter 1 sac de riz avec les exploitants à Konodimini en gros. La revente se fait au comptant et à crédit à domicile et à Konodimini à une clientèle composée majoritairement de femmes. Madame Bah espère réaliser un bénéfice mensuel moyen de 20 000 FCFA avec ce prêt, qui sera utilisé dans la prise en charge des besoins des enfants et pour augmenter son fond de commerce.
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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