The women are in the business of selling cereals and clothing. The group is on its second group loan.
Korotoumou is the woman pictured first on the right hand side of the photo, and is in the business of selling "pagnes" (the traditional bright colored cloth of western Africa.) She plans to purchase 50 "pagnes" from sellers in Massigui in order to resell them at the market and from door to door to a customer base made up of both men and women. She hopes to earn an average monthly profit of 60,000 francs CFA. This will be reinvested in her business. She plans to diversify her business by selling other types of clothing.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de céréales et l’habillement.
Les femmes du groupe DANAYA sont à leurs vingt deuxième prêts solidaires.
La cliente KOROTOUMOU, la première personne à partir de la droite est vendeuse de pagnes. Elle compte acheter 50 pagnes à Massigui auprès des forains pour les revendre au marché et à la famille à une clientèle mixte. Elle envisage réaliser un bénéfice moyen de 60.000FCFA par mois. Ce bénéfice sera réinvesti dans l’activité. Elle compte diversifier son activité en vendant d’autres types d’habillements.
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