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Nafama Group
In this Group: Korotoumou , Nene , Abibatou , Bintou , Assetou , Massayiri , Eatoumata, Rokia , Rokia
The Nafama group is made up of 6 married women and 3 single women. They have an average age of 30 and, on average, 2 children and live in extended, traditional families in the district of Hérémakono Centre, in Bougouni town. They got to know each other thanks to neighbourly and professional relationships, and friendships. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity so that they could better run their businesses and are on their 1st loan. The women in this group sell charcoal via Korotoumou, who is the woman sitting 3rd from the right in the picture. She plans to use her loan to buy 25 75-kilo bags from the farmers of the villages neighbouring Bougouni. She makes her sales at the market and door-to-door, for cash or credit to a retail clientèle composed essentially of women. She expects to make an average monthly profit of 30 000 francs, which will be reinvested in her business and used to repay the loan.
Le groupe Nafama est constitué de six femmes mariées et trois célibataires. Elles ont une moyenne d’âge de 30 ans, 2 enfants et vivent dans des familles traditionnelles élargies dans le quartier Hérémakono Centre de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles adhérent à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur premier prêt. Ce groupe de femmes fait le commerce de charbon de bois à travers KOROTOUMOU, qui est la troisième femme assise de la droite vers la gauche. Elle compte acheter avec son prêt, 25 sacs de75 kilos avec les paysans des villages environnants de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 30.000FCFA qui sera investi dans les activités 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
  • 14
    View loans »
    Mali Loans Fundraising
  • $11,520,875
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD