Bintou (who is sitting on the right of the photo) is a significant seller of condiments (shallots, Maggi stock cubes, etc.). She is planning to use her loan to buy 15 sacks of shallots and 20 cartons of Maggi stock cubes in Bamako. She resells on a retail basis in Banconi-Flabagou to a primarily female customer base. Bintou expects to make an average monthly profit of 125,000FCFA with this loan and will use the profit to reinvest in her business and satisfy her household's small needs.
Madame Bintou (première assise de la droite vers la gauche sur la photo) est une grande vendeuse de condiments (échalotes, cube maggi, etc.) Elle compte utiliser son prêt pour acheter 15 sacs d’échalotes et 20 cartons de cubes Maggi à Bamako. La revente se fait en détail au Banconi-Flabougou à une clientèle composée majoritairement de femmes. Madame Bintou compte avoir avec ce prêt un bénéfice mensuel moyen de 125 000 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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