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Nikanou (La Passion) Group
In this Group: Basofing, Assitan, Bintou, Nana, Fanta
The five women of the group Nikanou are all married and average 45 years of age and 5 children each. They live in large traditional extended families in the Lafiabougou district of the city of San (Ségou region, Republic of Mali). And they known one another through ties of community and kinship.

The group members work in the same business of buying and selling grain, notably rice and various ranges of condiments. The women are in high demand in this domain. In order to satisfy the needs of their continuously growing customer base, the group members decided to join the micro-finance institution Soro Yiriwaso, with which they are on their seventh solidarity loan (group loan). All the preceding one have been correctly repaid.

The women intend to use this loan to buy tonnes of rice and a sizable quantity of condiments: onions, chili peppers, garlic, spices, soumbala (made of crushed fermented seeds or beans), and more. Supplies are gotten from rural producers (for the rice) and from wholesale merchants locally and from fair vendors from Sikasso (for the condiments). Sales are made at the retail level, cash or credit accepted, at the house and the San marketplace. The customers are composed of retailers and women.

They each hope to realize an average profit of 300,000 francs CFA in the course of this cycle. The profits will be used to pay the loan interest, to provide for the extended family, and to invest the rest in business. The ambition of the group members is to open a supply store in San.

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Les cinq femmes du groupe Nikanou sont toutes mariées, elles ont une moyenne d'âge de 54 ans et 5 enfants vivant dans des grandes familles traditionnelles élargies au quartier Lafiabougou de la ville de San (région de Ségou, république du Mali). Elles se sont connues à travers des liens de voisinage et de parenté.

Elles exercent la même activité d'achat et de vente de céréales notamment le riz et de gammes variées de condiments alimentaires. Elles sont très sollicitées dans cette activité. Afin de satisfaire le besoin de sa clientèle qui ne cesse d'augmenter, le groupe Nikanou a décidé d'intégrer l'institution de microfinance Soro Yiriwaso avec laquelle il est à son septième prêt solidaire (prêt de groupe). Tous les prêts précédents ont été correctement remboursés.

Elles comptent utiliser ce prêt pour acheter des tonnes de riz et une quantité importante de condiments alimentaires (oignons, piment, laye, épice, soumbala et autres). Elles s'approvisionnent auprès des paysans producteurs (en riz), des commerçants grossistes de la place et des forains venant de Sikasso (en condiments). Elles effectuent leurs ventes au comptant, en détail et à crédit à la maison et au marché de San à une clientèle composée de revendeurs et de femmes.

Elles espèrent réaliser chacune un bénéfice moyen de 300.000 FCFA au cours de ce cycle qui sera utilisé pour rembourser les intérêts du prêt, subvenir aux besoins de la famille élargie et investir le reste dans les activités. Elles ont pour ambition l'ouverture d'un magasin de stockage à San.

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
  • 2
    View loans »
    Mali Loans Fundraising
  • $11,596,050
    Funds lent in using Kiva
  • 508.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD