Mariam, the woman standing to the far right of the photograph, has established a solid reputation for selling children's clothing. She plans on using this loan to purchase 35 sets of children's clothes in bulk from the main market. She will then travel around Sebenikoro selling these items of clothing to a predominantly female customer base. With this loan, Mariam hopes to earn an average monthly profit of 45,000 CFCA, which will be reinvested into her business and also used to meet her children's needs.
Madame Mariam (femme debout à l’extrême droite sur la photo) a une grande réputation dans la vente des habits d’enfants de tous les âges. Elle compte utiliser son prêt pour acheter 35 complets d’habits pour enfants de tous les âges en gros au grand marché. La revente s’effectue en détails à Sébénikoro et en ambulant à une clientèle constituée majoritairement de femmes. Madame Mariam espère réaliser avec ce prêt un bénéfice mensuel moyen de 45 000 FCFA qui sera utilisé, pour être réinjecté dans l’activité et subvenir aux petits besoins des enfants.
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