A loan of $2,425 helped a member to buy various articles.

Nieta Group's story

The members of Nieta Group are all married women who, on average, are 42 years old and have five children. They live with their husband and children in large traditional families in the village of Marka Counko, subprefecture of Fana, in the region of Kolikoro of the Republic of Mali. They know each other through neighborhood and family links.

These women have been merchants of various articles for quite some time. They have joined the microfinance institution Soro Yiriwaso in order to ensure the long-term success of their businesses. This is their sixth solidarity loan. They have repaid all their previous loans on schedule.

They will use this new loan to buy fabrics in Burkina Faso and also a large quantity of food condiments and various grocery articles such as sugar, vegetable oil and cans. They will buy these products in Bamako and retail them in Marka Counko to a clientele made up of women and men.

They expect to make an average monthly profit of 20,000 CFA francs each. They will reinvest part of their profit in their businesses and use part of it to contribute to the daily expenses of their families.

In this group: Minata , Dikourou , Binta , Fatoumata , Koude , Kadia, Fanta

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Translated from French by Kiva volunteer Robert Mouris

Loan details

Lenders and lending teams

Loan details