Check out some available loans that are similar to this one!
Nyètaa (Essor) Group
In this Group: Fah, Dicko, Mata, Mamou, Fatoumata, Mah, Kossa
The nine (9) women of the Nyètaa Group (made up of 3 widows and 6 married women) have an average age of 45 years and have three children living in large traditional extended families in the Bozo quarter in the Markala sous-prefecture (in the Ségou region of Mali). They belong to an ethnic group known for fishing (Bozo) and are involved in the selling of various forms of fish (fresh, smoked, or dried). In addition, they also sell clothing and cups.

In order to keep up with ever-increasing customer demand, the group has decided to get help from the Soro Yiriwaso microfinance institution, with whom they are on their third solidarity (or group) loan. All of their previous loans have been repaid in full. They are planning to use this loan to purchase 938 kg of fresh fish and 35 cakes of ice. They purchase their fresh fish from the fishermen on-site on the banks of the Niger River in Markala. Some of the fish is sold while it’s fresh and some is smoked in a converted area on the family land in buildings specially designed for this job. The women take the smoked fish to Bamako (the capital of Mali) to be sold to resellers wholesale and for cash. When they return from Bamako they buy clothing and cups that they will sell in the markets of Markala, Niono, and Siribala to a customer base made up of men and women.

They each hope to make an average monthly profit of 40,000 FCFA which will be used to pay the interest on the loan and to take care of their extended family. The rest will be reinvested into their business. They would like to diversify their business by branching out into other income-generating areas such as the sale of dried cereals.

View original language description ↓
Les neuf (9) femmes du groupe Nyètaa (composé de 3 veuves et de 6 mariées) ont une moyenne d’âge de 45 ans et 3 enfants vivant dans des grandes familles traditionnelles élargies au quartier Bozo de la sous préfecture de Markala (région de Ségou République du Mali). Appartenant à une ethnie de pêcheurs (Bozo) et exerçant la même activité professionnelle à savoir la vente de poissons sous diverses formes (frais, fumés ou séchés). Par ailleurs en plus du poisson, elles font le commerce d’habits et de tasses.
Afin de satisfaire le besoin de sa clientèle de plus en plus croissante ce groupe a décidé d’intégrer l’institution de microfinance Soro Yiriwaso avec lequel il est à son troisième prêt solidaire (prêt de groupe). Tous les prêts précédents ont été correctement remboursés. Elles comptent utiliser ce prêt pour acheter, 938 kg de poissons frais et 35 barres de glaces. Elles s’approvisionnent en poissons frais sur place au bord du fleuve Niger à Markala auprès des pêcheurs. Une partie est vendue en état frais et une autre partie est fumée dans un endroit aménagé dans la concession conjugale sur des foyers traditionnels spécialement conçus pour cette activité. Les poissons ainsi fumés sont acheminés sur Bamako (capitale de la république du Mali) pour être vendus en gros et au comptant à des revendeurs. Au retour elles achètent des habits et des tasses qui seront vendus dans les marchés de Markala, Niono et Siribala à une clientèle composée de femmes et d’hommes.
Elles espèrent réaliser chacune un bénéfice moyen de 40.000 FCFA par mois qui sera utilisé pour payer les intérêts du prêt, subvenir aux besoins de la famille élargie et investir le reste dans les activités. Elles ont pour ambition de diversifier leur commerce en embrassant d’autres activités génératrices de revenus telle la vente de céréales sèches.

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
  • 43
    View loans »
    Mali Loans Fundraising
  • $11,956,700
    Funds lent in using Kiva
  • 464.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyètaa (Essor) Group's $1,950 loan helped a member purchase of fresh fish and food-grade ice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 26, 2008
Oct 11, 2008
Currency Exchange Loss:
May 15, 2009