They got to know each other through bonds of community and through their money-earning businesses at the Djalakorodji market. They retail plastic shoes (for men and women), sand, and firewood.
In order to be able to pay cash for supplies, the members of the group decided to work with Soro Yiriwaso, from which they are seeking their fourth solidarity loan (group loan).
Mrs. Mariétou is the second woman from the right in the photograph. She's very well-known as a reseller of plastic shoes for men and women. She intends to use her loan to buy 660 pairs of plastic shoes for all ages at the Grand Market.
She retails in Djalakorodji to a clientele comprising mainly women. With this loan, she intends to turn an average monthly profit of XOF 85'000, to be in part reinvested in her business, and in part used to cover her children's healthcare expenses.
Madame Mariétou (femme assise en 2ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente de chaussures plastiques (hommes et femmes); Elle compte utiliser son prêt pour acheter 660 paires de chaussures plastiques de tous les âges au grand marché et la revente se fait à Djalakorodji à une clientèle composée majoritairement de femmes. Madame Mariétou espère réaliser avec ce prêt un bénéfice mensuel moyen de 85 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge les soins de santé des enfants.
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