Check out some available loans that are similar to this one!
Nietaga Group
In this Group: Aichata , Wassa , Nana , Koumba , Fatim , Fanta
The 'Nietaga' Group is made up of women from Koutiala Koko extension, who live in large, traditional families with their husbands, children and other relatives. They are, on average, thirty-eight years old, and have at least four children. The women sell various items such as firewood, soap and fritters.

In order to expand their businesses, the group have decided to start working with the field partner, Soro Yiriwaso.

Fanta (standing third from the right in the photo) sells fritters and cooking oil. She will use her loan to buy barrels of oil and beans in order to make fritters to sell at the market to various customers.

The other members of the group expect to earn an average of 95,000 francs CFA over the loan cycle, but Fanta expects to earn 105,000 francs CFA over the same period. In addition to repaying their loans, the women will use their earnings to provide for their personal expenses and increase the working capital of their businesses.

In the future, the group would like to continue working with Soro Yiriwaso to guarantee their supply of stocks.
View original language description ↓
Nietaga est un regroupement de femmes de Koutiala Koko extension qui se connaissent et qui vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 38 ans et ont au moins 4 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels que du Bois de chauffage, Savon, Beignet et divers autres articles. Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso pour la première.
Fanta debout en quatrième position de la gauche vers la droite, est une vendeuse de beignets et d’huile alimentaire. Elle compte utiliser son prêt pour acheter de bidons d’huile et des haricots pour en faire de beignet au marché et les vend en détail au marché à une clientèle diverse.
Tandis que les autres membres du groupe Nietaga comptent réaliser un bénéfice moyen de 95 000CFA chacune au cours de ce cycle Mme Fanta compte réaliser 105 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et augmenter son fonds de commerce.
Elles souhaitent voir renforcer ce partenariat avec Soro Yiriwaso pour que les stocks ne soient pas rares.

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
  • 35
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 477.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nietaga Group's $650 loan helped a member to buy ingredients to make fritters for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2014
Listed
Mar 2, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014