The Nieta Group sell vegetables (cucumbers), clothes and eggs. The women would all like to improve their businesses so they work with the field partner, Soro Yiriwaso. This will be their third group loan.
Nessa (standing on the far right in the photo) sells vegetables (cucumbers). She plans to use her loan to buy thirty sacks of cucumbers in Bamaka. She will then sell them in Bamako-Coura to customers who are mainly women.
Nessa expects to earn an average monthly profit of 100,000 francs CFA, and she will use this to reinvest in her business and contribute to the expenses of her household.
Madame Nessa (femme debout en 1ére position de la droite vers la gauche sur la photo) est une grande vendeuse de légumes, (concombres). Elle compte utiliser son prêt pour acheter 30 sacs de concombre à Bamako. La revente se fait en détails à Bamako-Coura à une clientèle composée majoritairement de femmes. Madame Nessa compte avoir avec ce prêt un bénéfice mensuel moyen de 100 000 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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Success!! The loan was 100% repaid