The group members work in small-scale commerce selling condiments (onions, macaroni, shallots, Maggi…), groundnut oil, and meat.
In order to increase their business funds, the group members decided to collaborate with Soro Yiriwaso. This is their fourth group loan.
Sanata, the woman standing on the far left in the photo, is a grand seller of condiments (onions, macaroni, shallots, Maggi). She plans to use her loan to buy 10 sacs of shallots, 15 sacs of onions, 15 packets of macaroni, and seven boxes of Maggi cubes at wholesale in Bamako. Sales will be made at retail in Djalakorodji and from traveling around to mostly female customers.
With this loan, Sanata hopes to earn an average monthly profit of 85,000 francs CFA which will be reinvested in her business and used to support her household expenses.
Madame Sanata (femme debout à l’extrême gauche sur la photo) est une grande vendeuse de condiments (oignons, macaronis, échalotes, Maggi). Elle compte utiliser son prêt pour acheter 10 sacs d’échalotes, 15 sacs d’oignons, 15 paquets de macaronis et 7cartons de cubes Maggi en gros à Bamako. La revente se fait en détails à Djalakorodji et en ambulant à une clientèle composée majoritairement de femmes. Madame Sanata compte avoir avec ce prêt un bénéfice mensuel moyen de 85 000 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.
6View loans »