Baro (second from the left in the front row), is planning to use her loan to buy two baskets of bananas and three baskets of papaya. She buys her goods locally and resells them to men and women who pay her in cash and also often on credit.
Baro is expecting to make an average monthly profit of 16,000 CFA francs, which will be used to take care of health, schooling and housing-related expenses, and to buy food and clothes. She will reinvest the rest of her money in her business.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente des condiments, de savons, des habits et des fruits légumes. Après avoir remboursés correctement leurs prêts précédents, les femmes du groupe TIESSIRI sont à leur 2ème prêt solidaire. BARO 2ème femme assise à gauche sur la photo ; compte utiliser son prêt pour acheter 2 paniers de banane, 3 paniers de papaye. Elle s’approvisionne sur place. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 16 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, l’habillement, au logement, aux frais scolaires et le reste sera réinvesti dans les activités.
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