They met through family, friendship and neighbourhood ties. They sell condiments, shea butter, milk, soap, fritters, cereals, tubers and prepared food.
This is the first loan for the women of the Kotognontala group.
Nah, who is the person sitting on the right, sells potatoes. She plans to buy four sacks of potatoes in the neighbouring villages which she will sell in Wacoro and locally. She hopes to make an average monthly profit of 10.000 FCFA which she will use partly for her business, and also for family expenses.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de condiments, du beurre de karité du lait, du savon, du beignet, de céréales, des tubercules et de la restauration.
Les femmes du groupe Kotognontala sont à leur premier prêt solidaire.
La cliente NAH la personne assise à droite est vendeuse de patate. Elle compte acheter quatre sacs de patate dans les villages environnants, qui seront vendus à Wacoro et environnants. Elle compte réaliser un bénéfice mensuel moyen de 10.000 FCFA qui sera réutilisé dans l’activité et dans les dépenses familiales
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