In order to increase their stocks of product, the group members have decided to work with the field partner, Soro Yiriwaso. This will be their first group loan.
Kadiatou (standing on the far right in the photo) is a successful honey seller. She plans to use her loan to buy 80 litres of honey from the villages surrounding Bamako. She will then retail it on foot, for cash or on credit. Sometimes she takes orders. Her customers are both men and women.
Kadiatou expects to achieve a monthly average profit of 40,000 francs CFA, which she will use to provide for the healthcare costs of her children. Her long term objective is to use this partnership with Soro Yiriwaso to increase the size of her business.
Madame Kadiatou (femme arrêtée à l’extrême droite sur la photo) est une grande vendeuse du miel. Elle compte utiliser son prêt pour acheter 80 litres du miel. Elles s’approvisionnent en miel dans les villages environnants de Bamako. La revente se fait au comptant ou à crédit en ambulant et parfois par commande à une clientèle mixtes. Madame Kadiatou compte réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA par mois, qui sera utilisé, pour assurer les soins de santé des enfants. Elle a pour objectif d’augmenter le volume de son activité dans ce partenariat 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