Koniba (the woman standing to the far right of the photo) has a good reputation for selling all kinds of pagne wax-cloth clothing. She plans on using this loan to purchase 50 sheets of pagne wax cloth in bulk from the main market. She sells her goods in Kanadjiguila to a mixed customer base. With this loan, Koniba plans on making an average profit of 80,000 FCFA per month. This money will be reinvested into her business in order to grow her revenue in partnership with Soro Yiriwaso.
Madame Koniba(femme debout à l’extrême droite sur la photo) a une grande réputation dans la vente des pagnes wax de toutes les qualités. Elle compte utiliser son prêt pour acheter 50 pièces de pagnes wax en gros au grand marché.La revente se fait en détails à Kanadjiguila et à une clientèle mixte. Madame Koniba espère réaliser avec ce prêt un bénéfice mensuel moyen de 80 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité afin d’augmenter ses revenus dans ce partenariat 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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