Marie (sitting on the left in the picture) is well-known throughout the district as a reseller of high-quality groundnut paste. She plans to use her loan to buy 2 bags of groundnuts in Bamako. In order to make the paste, she selects the best groundnuts, grills them, shells them and grinds them in a mill. The prepared paste is then ready to be sold to a retail clientèle mostly made up of women. Thanks to this loan, Marie hopes to make an average monthly profit of 40 000 francs which will be reinvested in her business.
Madame Marie (femme assise à l’extrême gauche sur la photo) a une grande renommée dans la vente des pâtes d’arachides de qualité dans tout quartier. Elle compte utiliser son prêt pour acheter 2 sacs de grains d’arachides à Bamako. Pour faire la pâte d’arachide, on trie les meilleurs grains, les grille, les épluches et les Broie au moulin. La pâte ainsi faite est prête à la vente en détail à une clientèle composée majoritairement de femmes. Madame Marie espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être 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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