An Ka Bin Group
In order to increase their working capital, the group members have decided to work with the field partner, Soro Yiriwaso. This will be their first group loan.
Kiatou (standing on the far left in the photo) is a successful potato seller. She plans to use her loan to buy 15 sacks of potatoes wholesale from the Médine Market in Bamako. She will then retail them at the market in Kanadjiguila to mostly women.
Kiatou expects to achieve a monthly average profit of 40,000 francs CFA, which she will use to reinvest in her business and meet some of the needs of her household.
Madame Kiatou (femme arrêtée à l’extrême gauche sur la photo) est une grande vendeuse de .pommes de terre. Elle compte utiliser son prêt pour acheter 15 sacs de .pommes de terres en gros au marché Médine de Bamako. La revente se fait en détails au marché de Kanadjiguila à une clientèle composée majoritairement de femmes. Madame Kiatou compte avoir avec ce prêt un bénéfice mensuel moyen de 40 000 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