Rokia (the woman sitting in the middle in the picture) has a good reputation as a seller of cloth (including damask, light fabrics and wax pagnes, a highly colourful and decorative type of West African cloth). She plans to use her loan to buy 20 metres of damask cloth in Bamako. She makes her sales at the market and on the streets to a varied retail clientèle. Thanks to this loan, Rokia hopes to make an average monthly profit of 40 000 francs which she will reinvest in her business. Her aim is to buy a plot of residential land thanks to her relationship with Soro Yiriwaso.
Madame Rokia (femme assise en 3ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente des habits (bazins, pagnes wax, légers,...).Elle compte utiliser son prêt pour acheter 20mètres de bazins à Bamako. La revente se fait en détails au marché et en ambulant à une clientèle mixte. Madame Rokia espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle a pour objectif d’acheter un lot à usage d’habitation dans cette relation avec Soro Yiriwaso.
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