Alimata (sitting second from the left in the picture) is a large resellers of condiments (onions, tomatoes, potatoes, fish). She plans to use her loan to buy 3 baskets of tomatoes, 5 bags of onions, 20 kilos of smoked fish and 3 bags of potatoes in Bamako. She makes her sales at the market and on the streets to a retail clientèle mostly made up of women. Thanks to this loan, Alimata hopes to make an average monthly profit of 40 000 francs which will be reinvested in her business and used to take care of the household's small needs.
Madame Alimata (femme assise en 2ème position de la gauche vers la droite sur la photo) est une grande vendeuse de condiments (oignons, tomates, pomme de terre, poissons). Elle compte utiliser son prêt pour acheter 3 corbeilles de tomates, 5 sacs d’oignons, 20kg de poisson fumé et 3 sacs de pommes de terre à Bamako. La revente se fait en détail au marché et en ambulant à une clientèle composée majoritairement de femmes. Madame Alimata compte avoir avec ce prêt un bénéfice mensuel moyen de 40.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.
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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