Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.


Partner Description:

Founded in 2000, Réseau de Micro-institutions de Croissance de Revenus (RMCR) is a Malian Microfinance Institution (MFI) providing credit to low-income communities living in rural areas of Mali. Its aim is to move rural populations, abandoned by the conventional financial system, from dependence to resilience by offering them nearby and qualitative financial services at competitive prices.
In association with World Vision Mali, RMCR strives to work in the most remote areas in Mali, offering micro loans to rural communities, mostly women, with no access to other funding sources.
RMCR Head Office is located in Bamako, the political capital of Mali, with a network of 25 points of services; operating in the most rural areas of the country.
In 2012, Mali experienced a military coup making access to international funding extremely difficult and tightening credit availability for institutions like RMCR. The political situation is now returning to normal, after transparent presidential and parliamentary elections were conducted in 2013.
More than 43% of Malian population lives at or below the poverty line, according to the World Bank.
Support from Kiva lenders will help make microloans available to sustain rural communities.

A unique lending approach:

RMCR focuses on female borrowers, living in remote rural areas in Mali, with little or no access to financial services. Loans are granted only for Income Generating Activities (IGR): mostly animal rearing, farming and small trade.
The organization uses a group lending methodology which consists of granting micro loans to two types of groups: Community Banks with 10 to 35 members and Solidarity Groups with 3 to 9 members.  
Borrowers can graduate from Community Banks to Solidarity Groups, to access slightly larger loans in order to gain more earnings or profits.
RMCR customizes its loans in order to fit the specific cycles of the activities financed.
To make the loans more effective, RMCR also provides assistance and training on micro business management, trough credit with education schemes.
Groups are formed on mutual trust and solidarity: each member vouches for the loans of all other members of the same group.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jan 16, 2015 Oct 12, 2005
Total Loans $8,992,000 $1,958,454,115
Amount of raised Inactive loans $0 $196,930
Number of raised Inactive loans 0 171
Amount of Paying Back Loans $238,865 $161,031,645
Number of Paying Back Loans 103 188,514
Amount of Ended Loans $8,753,135 $1,768,236,180
Number of Ended Loans 3,420 2,370,020
Delinquency Rate 6.98% 12.22%
Amount in Arrears $14,959 $12,205,675
Outstanding Portfolio $211,682 $99,884,553
Number of Loans Delinquent 14 72,810
Default Rate 1.65% 1.83%
Amount of Ended Loans Defaulted $144,011 $32,298,216
Number of Ended Loans Defaulted 104 84,743
Currency Exchange Loss Rate 0.27% 0.50%
Amount of Currency Exchange Loss $87,835 $11,931,838
Refund Rate 0.27% 0.54%
Amount of Refunded Loans $24,725 $10,526,300
Number of Refunded Loans 9 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 47.73% 78.22%
Average Loan Size $293 $392
Average Individual Loan Size $959 $589
Average Group Loan Size $2,562 $1,891
Average number of borrowers per group 8.7 8.3
Average GDP per capita (PPP) in local country $1,100 $5,599
Average Loan Size / GDP per capita (PPP) 26.66% 7.00%
Average Time to Fund a Loan 16.73 days 8.93 days
Average Dollars Raised Per Day Per Loan $17.53 $43.87
  Average Loan Term 8.01 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 4,298 1,178,576
  Journaling Rate 95.10% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 26% PY 24.00% PY 27.02% PY
  Profitability (return on assets) -4.65% 0.5% -3.10%
  Average Loan Size (% of per capita income) N/A 26.00% 0.00%

Country Fast Facts

Lending Partner Staff

Paulin Moussa Marie KONATE
Marthe Sanou
Edith Salimatou TRAORE