Ami (the woman standing in the 1st position in the photo from left to right) is a great seller of curtains, sheets and bedspreads of all kinds. She plans to use her loan to buy 25 bed sheets and around 10 curtains. She resupplies herself in merchandise at the large market of Bamako. The resale is done retail for cash and credit to a clientèle made up mostly of women, from home and as an itinerant saleswoman. With this loan, Ami hopes to make an average monthly profit of 75,000 FCFA which will be reinvested in her business and used to take care of certain needs of the home. She has the goal of buying land to use for housing.
Ami (femme debout en 1ère position sur la photo de la gauche vers droite) est une grande vendeuse de rideaux de draps et des couvres lits de toutes sortes. Elle compte utiliser son prêt pour acheter 25 draps de lit et une dizaine de rideau. Elle se ravitaille en marchandises au grand marché de Bamako. La revente se fait en détails au comptant et à crédit à une clientèle composée majoritairement de femmes, à domicile et en ambulant. Avec ce prêt, Ami espère réaliser un bénéfice mensuel moyen de 75 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer. Elle a pour objectif d’acheter un terrain 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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Success!! The loan was 100% repaid