Members of the group trade in quality second-hand clothing, condiments, kitchen utensils and potatoes. To build up their stock-in-trade, group members decided to work with Soro Yiriwaso and are on their first group loan cycle.
Mrs. Ramata (the woman in the third position from right to left in the photo) has a great reputation selling quality second-hand clothing. She intends to use her loan to buy wholesale two bales of second-hand clothes in Médine. Retail sales are conducted in Samè to a clientele consisting mainly of women.
Mrs. Ramata hopes to achieve with this loan an average monthly profit of 40,000 CFA francs, to be fed back into the business.
Madame Ramata (femme arrêtée en 3èmeposition de la droite vers la gauche sur la photo) a une grande réputation dans la vente des habits (friperies) de meilleures qualités. Elle compte utiliser son prêt pour acheter 2 balles de friperies en gros à Médine. La revente se fait à Samè et à une clientèle constituée majoritairement de femmes. Madame Ramata espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinjecté dans l’activité.
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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