Funded

Total loan: $850
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Nieta Group

Mali
Bamako, Mali / Clothing

A loan of $850 helped a member to buy wax pagnes.


Nieta Group's story

Married and living mainly in monogamous families, the four members of the Nièta group are on average 30 years old with three children. They all live in Hamdallaye, one of the popular quarters of Bamako, and met through living in the same neighbourhood and through their income generating activities at the market in Hamdallaye. The members of this group work in small business selling clothing (wax pagnes, hand-dyed polished cotton called bazins, and embroidered fabric) of excellent quality, necklaces and handbags. Hoping to increase their business capacity, the members of the group decided to collaborate with the Soro Yiriwaso micro-finance institution and this is their second solidarity loan. Mrs. Fatoumata (the woman standing on the extreme left in the photo) sells clothing (wax pagnes, bazins and embroidery) and necklaces of the best quality. She plans to use her loan to buy 25 wax pagnes in Bamako. She sells her merchandise retail in Hamdallaye and as an itinerant saleswoman to her mainly feminine clientele. With this loan, Mrs. Fatoumata hopes to make an average monthly profit of 40 000 FCFA which she will use to reinvest in her business and to provide for petty expenses in her home.

In this group: Fatoumata , Fatoumata , Aminata , Fatoumata
*not pictured

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Loan details

Loan length:

7 months
Disbursed date: April 8, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: April 8, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children