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Finesse Group
In this Group: Moh , Kadiatou , Filife , Djenebou , Mariam , Fanta
The female members of the Finesse group are all married, and have an average age of 32. They have an average of two children each, and mainly live in traditional families in the Massablacoura neighborhood in the city of Bougouni. These women know each other as they are related through marriage or have working relationships. To diversify their businesses and consolidate their capital, so that they can better meet their customers’ requests, they decided to join the Soro Yiriwaso microfinance loan program. They are on their first loan cycle.

This group of women works selling clothing and a number of other miscellaneous items. Moh, who is the only woman pictured standing, works buying and selling clothing. She gets her supplies from local wholesalers in the city of Bougouni, and plans to use her loan to buy a bale of second-hand clothing. After buying her clothing she then sells it from door to door and at home, on a cash and credit basis. Her customers are both male and female.

Moh plans to make an average monthly profit of 40,000 francs CFA, which she will use to invest in her business, pay medical expenses, and repay her loan.
View original language description ↓
Toutes mariées, les femmes du groupe Finesse qui ont une moyenne d’âge de 32 ans et 2 enfants vivent majoritairement dans des familles traditionnelles dans le quartier Massablacoura de la ville de Bougouni.
Elles se sont connues à travers des liens de mariage et de commerce. Pour diversifier leur activités et de renforcer leur capacité financière afin de mieux répondre aux attente des clients, elles décident d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur premier cycle de prêt. Ce groupe de femmes fait le commerce d’habillements et bien d’autres articles divers.
Moh, qui est la seule debout fait l’achat vente d’habillements. Elle s’approvisionne dans la ville de Bougouni auprès des grossistes de la place et compte acheter avec son prêt, une balle de friperie. Ces habits sont ensuite revendus en embulant et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 40.000FCFA qui sera investi dans les activités, utilisé pour les frais de santé et rembourser le prêt.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD