Mariam, (the woman seated in the photo,) is a great seller of quality new and secondhand clothing. She will use her loan to buy two bales of secondhand clothing. She sells her retail goods for cash and credit to a mixed clientele out of her home, while traveling, and at the Médine Ségou marketplace.
With this loan, Mariam hopes to earn an average monthly profit of 65,000 FCFA, which will be used to reinvest in her business and to support the education of the children in her household.
Mariam (la seule femme assise sur la photo) est une grande vendeuse d’habits et de friperie de qualité. Elle compte utiliser son prêt pour acheter deux balles de la friperie. Elle effectue ses ventes en détail au comptant et à crédit à une clientèle mixte à domicile, en ambulant et au marché de Médine. Avec ce prêt, Mariam espère réaliser un bénéfice mensuel moyen de 65 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge la scolarisation des enfants 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