The group members are small retail merchants, selling clothes (pagne wax fabric), linens, food preparations and firewood. So they can resupply by paying cash, the group decided to work with Soro Yiriwaso and are on their second group loan cycle.
Mrs. Kadiatou (the woman standing at the far right in the photo) has a great reputation at selling clothes (pagne wax fabric). She intends to use her loan to buy 23 lengths of pagnes wax at the general market. Retail sales are made for cash and on credit, in Lafiabougou and as an itinerant vendor, to a clientele composed mostly of women.
Mrs. Kadiatou hopes to achieve with this loan an average monthly profit of 50,000 CFA francs to be reinvested in the business and used to ensure their children's upkeep.
Madame Kadiatou (femme debout à l’extrême droite sur la photo) a une grande réputation dans la vente des habits (pagnes wax). Elle compte utiliser son prêt pour acheter 23 pièces de pagnes wax au grand marché. La revente se fait au comptant et à crédits à Lafiabougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Kadiatou espère réaliser avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses 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