RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Africa ( XML Feed )

Oct 6, 2016 7:23 AM ET

Archived: Mali: Yiriwaton Group – A loan of $3,725 helps a member to buy a ram for breeding.

iCrowdNewswire - Oct 6, 2016

Yiriwaton Group

CIWARA, Mali / Livestock
Borrower image

Yiriwaton Group’s story

Gniry, age 50, lives in Mali. She’s married and the mother of seven children, four boys and three girls, aged 10 to 22. All children go to school.

Gniry is a housewife and she raises rams. She’s courageous in her business. In the photograph, she’s the one holding the ram by the horns.

Her husband is a tailor. Her income enables her to cover her family’s basic needs.

With six years of experience, Gniry borrowed money from the MFI to buy a ram, as well as animal feed and care products.

Her profits will enable her to develop her ram raising business and improve the health and sanitary conditions of her children.

In the future, she dreams to buy lots of rams to develop her business and increase her profits.

In this group: Yirimin, Korotoumou, Oumar, Adama, Setou, Porcho, Gniry, Haby, Alima, Awa, Nianantigui
*not pictured 

Translator profile picture

Translated from French by Kiva volunteer Patrick Stadelmann View original language description 

This loan is special because:

It empowers farmers and entrepreneurs in underserved areas in Mali. 

Nadia Costanzo
Kiva staff 

More about this loan

This loan is part of RMCR’s community bank loan program. Borrowers are organized into groups of 10-35 members, are mutually responsible for repayments, and can access voluntary savings services. Group members can use loans for any income-generating activity. Common activities are farming, raising livestock and commerce. Terms and payment frequency can vary according to borrowers’ business cycles. By supporting this loan, you’re helping borrowers access credit and support each other through the loan process.

About Réseau de Micro-institutions de Croissance de Revenus (RMCR):

Réseau de Micro-institutions de Croissance de Revenus (RMCR) is an NGO that provides credit to low-income communities in rural Mali. The organization offers community bank loans, from which borrowers can graduate to solidarity groups, and from there to individual loans. RMCR customizes the loans it offers in order to fit the unique business cycles of livestock, farming, and commerce activities.

A loan of $3,725 helps a member to buy a ram for breeding.

Contact Information:

Yiriwaton Group

View Related News >