They know one another through relatives, neighbors, and friendship. They sell clothing, beverages, wood coal, and cosmetics.
This is the ninth group loan for the women of the Kotognontala group.
The client, Fatoumata, is seated at left. She sells wood coal and would like to buy 30 bags of wood coal in the neighboring villages at 1,500 FCFA per bag. She resells them at 2,500FCFA per bag.
She would like to earn an average monthly profit of 30.000 FCFA. The monthly profit is divided in two: one part is used for household expenses and the other is reinvested in the business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce d’habillement, de la boisson, du charbon de bois et des produits cosmétiques.
Les femmes du groupe Kotognontala sont à leur neuvième prêt solidaire.
La cliente Fatoumata la personne assise à gauche est vendeuse de charbon de bois elle compte acheter 30 sacs de charbon de bois à 1.500Fcfa le sac dans les villages voisins. Elle les revend à 2500FCFA le sac. Elle compte réaliser un bénéfice mensuel de 30.000 FCFA. Le bénéfice mensuel est divisé est deux ; une partie est utilisée pour les dépenses de la famille et l’autre est réinjectée dans l’activité.
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