Coumba (standing second from the right in the picture) has a good reputation as a seller of wax pagnes (highly colourful and decorative West African clothing). She plans to use her loan to buy 60 pieces of wax pagnes wholesale in Bamako. She makes her sales for cash or credit at the market and on the street to a clientèle mostly made up of women. Thanks to this loan, Coumba hopes to make an average monthly profit of 100 000 francs which she will reinvest in her business and use to take care of the children in her household.
Madame Coumba (femme debout en 2ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente des pagnes wax ; Elle compte utiliser son prêt pour acheter 60 pièces de pagnes wax à Bamako en gros. La revente se fait au comptant et à crédits au marché et en ambulant à une clientèle composée majoritairement de femmes. Madame Coumba espère réaliser avec ce prêt un bénéfice mensuel moyen de 100 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de mes 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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