Djènèba (the first woman standing to the left of the photo) has a great reputation in clothing sales (lightweight pagnes, etc.) She intends to use her loan to buy 20 lengths of pagnes and 60 meteres of lightweight fabric in Bamako. She resells these pieces retail in Djicoroni, traveling to a mixed clientele.
With this loan, Djènèba hope to earn an average monthly profit of 75,000 FCFA, which will be used to reinvest in her business. Through this partnership with Soro Yiriwaso, her goal is to buy a lot for residential use.
Madame Djènèba (1 ère debout de la droite vers la gauche sur la photo) a une grande réputation dans la vente des habits (pagnes wax, légers,...). Elle compte utiliser son prêt pour acheter 20 pièces de pagne wax, 60 mètres tissus léger en à Bamako. La revente se fait en détail à Djicoroni et en ambulant à une clientèle mixte. Madame Djènèba espère réaliser avec ce prêt un bénéfice mensuel moyen de 75 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle a pour objectif d’acheter un lot à usage d’habitation dans cette relation avec Soro Yiriwaso.
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