The women of the Nafama group are on their eleventh group loan which will be used to buy clothes and root crops. Mamou M. buys clothes from the market in Barouéli. She sells her goods on foot around the different neighborhoods of Barouéli and on the fair day. Sales are made with cash or on credit, to customers who are both women and men. Mamou plans to make an average monthly profit of 40,000 CFA francs which will be used to pay the loan installments, pay contributions towards social ceremonies and the rest will be reinvested in her clothes-selling business.
Elles se sont connues à travers des liens de parenté et font le commerce d’habillements et des tubercules.
Les femmes du groupe Nafama sont à leur onzième prêt solidaire qui sera utilisé pour acheter, des habillements, et des tubercules.
MAMOU M. s’approvisionne en habits au marché de Barouéli. Elle effectue ses ventes quotidiennement en ambulante entre les quartiers de la ville de Barouéli et pendant le jour de foire, au comptant et à crédit, à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice moyen mensuel de 40 000F CFA qui sera utilisé pour payer les échéances du prêt, payer les contributions des cérémonies sociales et le reste sera réinvesti dans son activité de commerce d’habillements.
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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