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Nieta Group
In this Group: Fatoumata , Fatoumata , Aminata , Fatoumata
Married and living mainly in monogamous families, the four members of the Nièta group are on average 30 years old with three children. They all live in Hamdallaye, one of the popular quarters of Bamako, and met through living in the same neighbourhood and through their income generating activities at the market in Hamdallaye. The members of this group work in small business selling clothing (wax pagnes, hand-dyed polished cotton called bazins, and embroidered fabric) of excellent quality, necklaces and handbags. Hoping to increase their business capacity, the members of the group decided to collaborate with the Soro Yiriwaso micro-finance institution and this is their second solidarity loan.
Mrs. Fatoumata (the woman standing on the extreme left in the photo) sells clothing (wax pagnes, bazins and embroidery) and necklaces of the best quality. She plans to use her loan to buy 25 wax pagnes in Bamako. She sells her merchandise retail in Hamdallaye and as an itinerant saleswoman to her mainly feminine clientele. With this loan, Mrs. Fatoumata hopes to make an average monthly profit of 40 000 FCFA which she will use to reinvest in her business and to provide for petty expenses in her home.
Mariées majoritairement dans des ménages monogamiques, les quatre membres du groupe Nièta ont en moyenne 30 ans et 3 enfants. Elles habitent toutes à Hamdallaye l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Hamdallaye. Les membres du groupe font le petit commerce d’habits (pagnes wax, basins et brodés) de meilleures qualités, de colliers et de sacs. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Fatoumata (femme debout à l’extrême gauche sur la photo) est une vendeuse de habits (pagnes wax, bazins et brodés) et de colliers de meilleures qualités. Elle compte utiliser son prêt pour acheter 25 pagnes wax à Bamako. La revente se fait en détails à Hamdallaye et en ambulant à une clientèle composée majoritairement de femmes. Madame Fatoumata compte avoir avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 472.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nieta Group's $850 loan helped a member to buy wax pagnes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014