CVECA Kita/Bafoulabé | MFIs in Mali

Gross Loan Portfolio USD, 2010: 1.9 million

Number of active borrowers 2010: 8,572

Average loan balance per borrower USD, 2010: 227.1

Deposits USD, 2010: 722,323.4

Assets USD, 2010: 2.7 million

Number of depositors 2010: —

Mission:

- La mise en place d'un réseau de caisses villageoises d'épargne et de crédit autogérées, permettant de répondre aux besoins financiers des villageois et susceptible de soutenir le développement économique et social des villageois du cercle de Kita et Baf

Background and Main Challenges:

- Le réseau a été mis en place conjointement par la direction nationale de la coopération (DNACOOP),maître d'ouvrage jusqu'en 1994, maître d'œuvre jusqu'en 1998, le centre international de développement et de recherche (CIDR), operateur jusqu'en 1 999. Le

Address:

Kita

Kayes

BP 45 Kita

Mali

Phone:

(223) 2157-3145

Email:

cvecakita [at] yahoo [dot] fr

Main Funding Sources:

Grants

Loans

Savings

Shareholder Capital

Products and Services:

Loans

Voluntary Savings

Looking for (Investment Types):

Loans in Local Currency

Capacity Building Grants

Other Investment

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1991

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Clients living in rural areas	2
+ Development goals (ranked by importance)
Increased access to financial services	1
Gender equality and women's empowerment	2
Employment generation	3
Poverty reduction	4
Youth opportunities	5
+ Poverty targets
Poor clients
Low income clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
Loans for agriculture
+ Savings products offered
Checking accounts
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
Fixed term deposits
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
Remittances services
Microleasing
+ Non-financial services offered
+ Enterprise services offered
Business development services
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Outreach to remote/rural communities
Outreach to women
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
Terrafina Microfinance	Funding

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