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Niètaga (Le Succès) Group
In this Group: Saran, Baoumou, Fatoumata, Aminata, Ada, Rokia, Assetou
Niètaga is a group of seven women, all married, with an average age of 35 and on average 5 children, living in traditional extended families with their husbands, co-spouses, and children in the first district of the town of Koutiala (Sikasso Region, Republic of Mali).


United by bonds of neighborhood and profession, they are engaged in a variety of activities: food service; firewood sales; sales of locally produced, non-alcoholic drinks; sales of ice, fruit and vegetables, cooking salt, etc. In their search for suitable financial resources to bolster their businesses, the members joined the credit program of the micro-finance institution Soro Yiriwaso. After having correctly reimbursed their first loan, they are requesting their second. They intend to use it to buy a truckload of firewood, two sacks of sugar, one sack of rice for porridge, and one sack of cooking salt. They purchase their firewood from rural people who have a permit to cut wood in the villages near Koutiala, and the other articles are bought from the merchants at the big open-air market of Koutiala.


They sell retail, for cash or frequently on credit, out of their houses, door-to-door, and in the market of the first district, to a diverse and varied clientele: bakers, housewives, clerks, etc.


With this loan, they expect to earn an average profit of 80,000 FCFA which will be used to make the payments on the loan and contribute to family living expenses. In the future, the members of Niètaga group intend to diversify their businesses, adding on other profitable activities.

Translated from French by Teresa Kramer, Kiva Volunteer


Niètaga est un regroupement de sept femmes toutes mariées avec une moyenne d’âge de 35 ans, 5 enfants vivant dans des familles traditionnelles élargies avec leurs époux, des coépouses et leurs enfants au premier quartier de la ville de Koutiala ( région de Sikasso République du Mali).


Unis par des liens de voisinage et professionnel elles mènent différentes activités : la restauration, le commerce du bois de chauffe, des boissons locales non alcoolisées, de la glace, des fruits et légumes, du sel de cuisine etc.
Dans leurs recherches de ressources financières complémentaires pour augmenter la taille de leurs activités, les membres ont intégré le programme de crédit de l’institution de microfinance de Soro Yiriwaso. Après avoir correctement remboursé le premier prêt de groupe, elles sont à leur deuxième prêt qu’elles comptent utiliser pour acheter, la contenance d‘un camion en bois de chauffe, deux sacs de sucre, un sac de riz pour la bouillie et un sac sel de cuisine.
Elles s’approvisionnent en bois de chauffe auprès des paysans ayant des permis de coupe de bois dans les villages voisins de Koutiala et les autres articles sont achetés auprès des commerçants du grand marché de Koutiala.



Elles vendent en détail au comptant souvent à crédit à domicile, en ambulant et au marché du premier quartier à une clientèle diversifiée et variée : boulangers, ménagères, employés etc.


Avec ce prêt, elles comptent réaliser un bénéfice moyen 80 000 F CFA qui sera utilisé pour payer les intérêts du prêt et contribuer aux dépenses de la famille. Dans l’avenir, les membres du groupe Niètaga comptent diversifier leurs activités en y ajoutant d’autres activités rentables

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

  • $1,200
    Average annual income
  • 33
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 440.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Niètaga (Le Succès) Group's $1,200 loan helped a member purchase of foodstuffs and firewood for re-sale

Achat de produits alimentaires et du bois de chauffe.

100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 31, 2008
Listed
Aug 15, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009