Mrs. Fatoumata (the woman standing on the extreme left in the photo) sells clothing (wax pagnes, bazins and embroidery) and necklaces of the best quality. She plans to use her loan to buy 25 wax pagnes in Bamako. She sells her merchandise retail in Hamdallaye and as an itinerant saleswoman to her mainly feminine clientele. With this loan, Mrs. Fatoumata hopes to make an average monthly profit of 40 000 FCFA which she will use to reinvest in her business and to provide for petty expenses in her home.
Madame Fatoumata (femme debout à l’extrême gauche sur la photo) est une vendeuse de habits (pagnes wax, bazins et brodés) et de colliers de meilleures qualités. Elle compte utiliser son prêt pour acheter 25 pagnes wax à Bamako. La revente se fait en détails à Hamdallaye et en ambulant à une clientèle composée majoritairement de femmes. Madame Fatoumata 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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