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Nyetaa Group
In this Group: Djomine , Bintou , Neh , Fatim , Tènè , Ina
The six members of the Nyetaa group are married women living mainly in monogamous families. On the average, they are 42 years of age with four children. They all live in the Missira neighborhood in Ségou region (the fourth administrative region of Mali). They know each other as neighbors and relatives as well as through their local business activities. They work as vendors selling millet, fish, traditional “pagnes” fabric and potatoes. With the goal of bolstering their business capital, the group members have decided to collaborate with Soro Yiriwaso and are now on their sixth solidarity loan cycle. Mrs. Djominé (the one seated on the right in the photo) is a well-known vendor of pancakes of all kinds in Missira. She plans to use her loan to buy three bags of millet from her supplier at the big market. She sells for cash and on credit, out of her home and in her neighborhood, to a customer base composed of men, women and children. Thanks to this loan, Mrs. Djominé hopes to achieve an average monthly revenue of 30,000 West African francs, which will be used to help provide for her children’s needs and increase her working capital.
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Les six femmes du groupe Nyetaa sont mariées majoritairement dans des ménages monogamiques. Elles ont en moyenne 42 ans et 4 enfants. Elles habitent toutes dans le quartier de Missira à Ségou (4ème Région administrative du Mali). Elles se sont connues à travers des liens de voisinage, de parenté et de leurs activités génératrices de revenu dans le quartier. Elles font le petit commerce du mil, de poisson, des pagnes wax et de pomme de terre. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 6ème cycle du prêt solidaire. Madame Djominé (femme assise à droite dans la photo) est une grande vendeuse de galette de tout genre dans le quartier de Missira. Elle compte utiliser son prêt pour acheter 3 sacs de mil chez son fournisseur au grand marché. La revente se fait au comptant et à crédit à domicile à une clientèle composée d’hommes de femmes et des enfants. Madame Djominè espère réaliser un bénéfice mensuel moyen de 30000 FCFA avec ce prêt, qui sera utilisé dans la prise en charge des besoins des enfants et pour augmenter son fond de commerce.

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
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,125
    Funds lent in using Kiva
  • 492.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyetaa Group's $925 loan helped a member to buy millet for making pancakes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Sep 21, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2014