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Finesse Group
In this Group: Moye , Nana , Nana , Djene, Mama , Kotimi , Baténin
The women of the Finesse group are all married and are, on average, 33 years old with 5 children. They live in large traditional families in the city of San (Ségou region, republic of Mali). They know one another through ties of community and kinship. They operate food preparation businesses and sell condiments, clothing and miscellaneous items. These businesses are very profitable for the women's group. Kotimi T. sells food condiments from her home and intends to use her loan to buy 2 bags of cooking salt, 1 carton of maggi cubes, 1 carton of tomato paste, and 2kg of pepper, onions and garlic. She expects to make a monthly profit of 18,500 CFA while other members expect to make a monthly profit of 17,500 CFA francs each, a sum that will enable them to repay the loan, help their husbands and reinvest in the business.
View original language description ↓
Les femmes du groupe Finesse sont toutes mariées et ont une moyenne d’âge de 33 ans et 5 enfants. Les femmes du groupe Finesse vivent dans des grandes familles traditionnelles dans la ville de San (région de Ségou, république du Mali). Elles se sont connues à travers des liens de voisinage et de parenté.
Elles exercent les activités de restauration et la vente de condiments alimentaires, d’habits et divers articles. Ces activités sont très rentables pour ces femmes du groupe.
Kotimi T., est une vendeuse de condiments alimentaires à son domicile qui compte utiliser son prêt pour acheter, 2 sacs de sel de cuisine, 1 carton de cube maggi, 1 carton de concentrée de tomate, 2kg de poivre, des oignons et de l’ail.
Elle compte réaliser un bénéfice mensuel de 18500FCFA tandis que les autres membres comptent réaliser chacune un bénéfice mensuel de 17500 FCFA, somme qui leur permettra de rembourser le prêt, de venir en aide aux conjoints et réinvestir dans l’entreprise.

Additional Information

Important Information

Soro 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.

About Mali

  • $1,100
    Average annual income
  • 23
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 472.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD