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Confiance Group
In this Group: Naminata, Djeneba, Malado, Mamou, Salimata, Salimata
Confiance Group is made up of six married women who average 31 years of age and 3 children. They all live in nuclear families in Heremakono Centre, a neighborhood in the city of Bougouni.

They got to know each other through bonds of community, friendship, and business. To strengthen their financial capability and do better business, they joined Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their first loan.

These women run food-serving businesses, just like Naminata, the second woman from the right in the photograph. She intends to use her loan to buy 50 kg of rice, 10 kg of fresh fish, and lots of condiments from wholesalers in Bougouni.

She sells retail at the market and at her home, for cash and on credit, to a mixed-gender clientele. She foresees turning an average monthly profit of XOF 15'000, to be in part invested in her business, and in part used to repay the loan.
View original language description ↓
CONFIANCE est un groupe constitué de 6 femmes mariées ayant une moyenne d’âge de 31 ans et 3 enfants. Elles vivent dans des familles nucléaires dans le quartier HEREMAKONO 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 ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur 1er prêt. Ce groupe de femmes fait de la restauration à l’image de NAMINATA qui est la 2ème femme assise dans la photo de la droite vers la gauche . Elle compte acheter avec son prêt, 50 kg de riz, 10 kg de poissons frais et beaucoup de condiments avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte .
Elle envisage réaliser un bénéfice mensuel moyen de 15.000FCFA 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
  • 39
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 476.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Confiance Group's $650 loan helped a member to buy 50 kg of rice, 10 kg of fresh fish, and condiments.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014