They are seeking their sixth loan from Kiva's partner, the microfinance institution Soro Yiriwaso, in order to meet customer demand. Previous loans were repaid without problems.
Mrs. Mamou is a member of this group. She's the one standing in the middle in the photograph. She intends to buy 20 pieces of rich damask, 5 pieces of "pagne Wax" (colorful African cloth), and 5 pieces of medium-rich damask at the Grand Market in Bamako.
She resells her products for cash at a fixed spot at the Grand Market in Sikasso, as well as at her home, to a clientele comprising mostly women.
She intends to turn an average monthly profit of XOF 50'000 (ca US$ 96), to be used in part to repay the loan and its interests, and in part to increase her savings.
Elles sont à leur sixième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts passés ont été correctement remboursés.
Madame MAMOU fait le commerce des tissus dans ce groupe de femmes DEMBAGNOUMA elle se tient au milieu en position debout.
Elle compte acheter avec son prêt, 20 pièces de bazin riche, 5 pièces de pagnes wax, 5 pièces de bazin moyen riche au grand marché de Bamako.
Elle les revend au grand marché de Sikasso à une place fixe et en famille à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 50 000 FCFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.
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