Offer financial services adapted to the needs of low-income populations who do not have access to formal financial institutions. Kafo Jiginew aims to help them develop thir income-generating activities.
Offrir des services financiers adaptés aux besoins des populations à revenus ... Read more
Offer financial services adapted to the needs of low-income populations who do not have access to formal financial institutions. Kafo Jiginew aims to help them develop thir income-generating activities.
Offrir des services financiers adaptés aux besoins des populations à revenus modestes qui n'ont pas accès aux institutions financières formelles pour le développement de leurs activités d'auto-emploi. Hide
Background and Main Challenges:
A federation of credit unions in Mali, Kafo Jiginew is the largest microfinance institution in the country. Since its inception, Kafo Jiginew has sought financial self-sufficiency while serving the poorest families and specifically the women of Mali.
A federation of credit unions in Mali, Kafo Jiginew is the largest microfinance institution in the country. Since its inception, Kafo Jiginew has sought financial self-sufficiency while serving the poorest families and specifically the women of Mali.
In 1995, Kafo Jiginew began providing loans to cotton farmers, linking their operations to Companie Malienne de Developpement et de Textiles (CMDT), Mali’s quasi-governmental cotton manufacturer. This relationship allows Kafo Jiginew to lend to cotton producers and guarantee their repayment through CDMT. These “Cotton Loans” constitute 75% of Kafo Jiginew’s loan volume.
In 1996, Kafo Jiginew partnered with Freedom from Hunger by implementing the Credit with Education program which provides women with small business loans as well as weekly classes on health and nutrition. This program was discontinued in 2002. Hide
Address:
Route de la CMDT
Koutiala
B.P. 47
Mali
Phone:
(223) 2164-0011
Fax:
(223) 2164-0862
Email:
kafojiginew [at] orangemali [dot] net
Website:
kafojiginew.malikafo.com
Main Funding Sources:
Loans
Savings
Products and Services:
Loans
Voluntary Savings
Training and Consulting
Products:
- Loans: loan products are flexible as the client chooses the conditions of repayment and duration of the loan. Loans range between 50,000 and 70 million FCFA.
- Credit with Education: this product was discontinued in 2002 and women clients are i