Anna (standing on the far left of the photo) is well-known for selling food ingredients (onions, shallots, etc). She will use her loan to buy 400 kgs of onions and one tonne of shallots in Bamako, at the Niono fairs. She will then sell her products to various customers at the market.
Anna hopes to earn a monthly average of 75,000 francs CFA, which will be reinvested in her business.
She, and the other members of the group, would like to continue working with Soro Yiriwaso until they can afford to buy a plots of land to live on.
Madame Anna (femme debout à l’extrême gauche sur la photo) a une grande réputation dans la vente des condiments (oignons, échalotes…). Elle compte utiliser son prêt pour acheter 400kg d’oignons et une tonne d’échalotes à Bamako avec les forains de Niono. La revente se fait en détail au marché à une clientèle mixte. Madame Anna espère réaliser avec ce prêt un bénéfice mensuel moyen de 75.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. A l’image des autres femmes du groupe, 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