Oumou, second from the left in the photo, is an important grain reseller at the Médine market in Ségou. She plans to use her loan to purchase 7 bags of millet wholesale at the Katièna market. She sells for retail, for cash or on credit to a diverse group of customers. With this loan, she is expecting average monthly profits to reach 40,000 CFA francs. She will us her earnings to reinvest in her activity and to provide for her children. Like the other members of the group, her ambition is to buy a plot of land for residential use.
Madame Oumou, en 2ème position de la gauche vers la droite sur la photo, est une grande vendeuse de céréales dans le marché Médine Ségou. Elle compte utiliser son prêt pour acheter, 7 sacs de mil en gros à la foire de Katièna et effectue ses ventes en détail, au comptant et à crédit à une clientèle diverse et variée. Avec ce prêt, Madame Oumou espère réaliser un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien des enfants. Tout comme les autres membres du groupe, elle a pour ambition l’achat d’un lot à usage d’habitation.
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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