In order to increase their stock levels, the women work with the field partner, Soro Yiriwaso, and this will be their third group loan.
Aminata (sitting on the far right of the photo) has a well-earned reputation selling sugar. She will use her loan to buy ten sacks of sugar at the main market. She sells her sugar to various individual customers in Sirakoro Dounfing.
Aminata hopes to earn a monthly average of 75,000 francs CFA, which she will reinvest in her business.
In the future, she would like to continue working with Soro Yiriwaso in order to buy a housing plot.
Madame Aminata (femme assise à l’extrême droite sur la photo) a une grande réputation dans la vente de sucre. Elle compte utiliser son prêt pour acheter 10 sacs de sucre au grand marché. La revente se fait en détail à Sirakoro Dounfing à une clientèle mixte. La cliente Korotoumou espère réaliser avec ce prêt un bénéfice mensuel moyen de 75 000 FCFA qui sera utilisé, pour être réinvesti dans son activité. Elle a pour objectif d’acheter un lot à usage d’habitation dans cette relation 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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Success!! The loan was 100% repaid