Mrs. Fatoumata (the one seated in the top row on the far left in the photo) is a well-known vendor of fruits and vegetables of all kinds in the N’gara village and the nearby region. She plans to use her loan to buy 20 baskets of papayas from village farmers. She resells for cash and on credit, out of her home and at the Konodimini market, to a customer base composed of both men and women. Thanks to this loan, Mrs. Fatoumata hopes to earn an average monthly revenue of 17,000 West African francs, which will be used to reinvest in her business and provide for her children’s needs. Her goal is to start raising small livestock thanks to the savings she will be able to grow with Soro Yiriwaso.
Madame Fatoumata (femme assise en haut à l’extrême gauche en 1ère position sur la photo) est une grande vendeuse de fruits et légumes de toutes sortes dans le village de N’gara et ses environnants. Elle compte utiliser son prêt pour acheter 20 paniers de papayes avec les maraîchers du village. La revente se fait au comptant et à crédit à domicile et dans la foire de Konodimini à une clientèle composée d’hommes et de femmes. Madame Fatoumata espère réaliser un bénéfice mensuel moyen de 17 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien des enfants du foyer. Elle ambitionne faire l’élevage des petits ruminants avec l’épargne constituée avec Soro Yiriwaso.
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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