They know one another through relatives, neighbors, and friendship. They are in the food industry and sell fruits and vegetables. This is the second group loan for the women of the Kotognontala group.
The client, Rokia, the person standing in the center of the back row, sells honey. She buys her supplies from honey producers from neighboring villages. She would like to buy 40 liters of raw honey. It will then be sold to clients for cash at retail prices.
She would like to earn a monthly profit of 30,000 FCFA. This profit will be put back into her business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce des condiments, des fruits et les légumes. Les femmes du groupe KOTOGNONTALA sont à leur deuxième prêt solidaire. La cliente ROKIA la personne au milieu dans le rang debout est vendeuse de miel. Elle s approvisionne chez les producteurs de miel venant dans les villages voisins. Elle compte acheter 40 litres de miel brute. Il sera vendu ensuite aux clients en détail et au comptant. Elle compte réaliser un bénéfice mensuel de 30000 FCFA. Ce bénéfice sera réinjecté dans son 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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