Check out some available loans that are similar to this one!
Nienta Group
In this Group: Maï , Mariam , Fatoumata , Mariam
The four women in the Nienta group are married mostly in monogamous and polygamous households. They are on average 46 years old with five children. They all live in the Sabalibougou neighborhood in the district of Bamako. They became acquainted through neighborhood ties and their income-generating activities at the Sabalibougou market.

Members of the group are retail traders of fish, grain cereals, clothes and charcoal. In order to resupply by paying cash, the group decided to work with Soro Yiriwaso and are on their third group loan cycle.

Mrs. Mariam (the woman standing at the far left in the photo) has a great reputation in selling all kinds of fish. She intends to use her loan to buy 115 kilos of fresh fish in Kabala along the Niger River. Retail sales are for cash and on credit, at the market and as an itinerant vendor, to a mixed clientele.

With this loan Mrs. Mariam hopes to achieve average monthly profits of 95,000 CFA francs, to be reinvested in the business and used to ensure their children's well-being.
View original language description ↓
Les quatre femmes du groupe Nienta sont mariées majoritairement dans des ménages monogamiques et polygamiques. Elles ont en moyenne 46 ans et 5 enfants. Elles habitent toutes dans le quartier de Sabalibougou dans le district de Bamako; Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Sabalibougou. Les membres du groupe font le petit commerce du poisson, des céréales, des habits et du bois de charbon. Dans le but de se ravitailler au comptant, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3èmecycle de prêt solidaire.
Madame Mariam (femme debout à l’extrême gauche sur la photo) a une grande réputation dans la vente du poisson de toutes les variétés. Elle compte utiliser son prêt pour acheter 115kg de poisson frais à Kabala au bord du fleuve Niger. La revente se fait au comptant et à crédits au marché et en ambulant à une clientèle composée mixte. Madame Mariam espère réaliser avec ce prêt un bénéfice mensuel moyen de 95 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses enfants.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nienta Group's $1,700 loan helped a member buy fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014