They got to know each other through bonds of kinship, community, and friendship. They run food serving businesses and sell cosmetics, cooking oil, cakes, doughnuts, and various products.
In order to meet a huge customer demand, they are seeking help from Kiva's partner, Soro Yiriwaso, from which they are seeking their fourth solidarity loan (group loan). The loan will be used to buy the products mentioned above.
Fanta is the woman on the right in the photograph. She's illiterate and currently runs a food serving business. She intends to buy rice and condiments in Konobougou.
She sells the dishes she prepares at her home, in her small restaurant, to a mixed-gender clientele. She intends to turn an average monthly profit of XOF 10'000 (ca US$ 21), to be reinvested in her business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce de produit cosmétique, d’huile, de gâteaux, de beignet, et d’article divers. Les femmes du groupe KOTOGNOTALA sont à leur quatrième prêt solidaire. Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recours à SORO YIRIWASO.
Ces montants seront utilisés pour acheter leurs marchandises déjà citées.
La cliente FANTA, la première personne à partir de la droite, est analphabète, elle est actuellement restauratrice. Elle compte acheter du riz et des condiments à Konobougou. La vente des plats se fait chez elle dans sa petite gargote et à une clientèle mixte. Elle compte réaliser un bénéfice mensuel de 10. 000Fcfa, qui sera réinvesti dans l’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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Success!! The loan was 100% repaid