A loan of $625 helped a member to buy condiments.

Djiguisèmè ("hope") Group's story

The group Djiguisèmè of the association Dembagnouman is composed of six women who are all married. They average 35 years of age and 5 children and live in large traditional extended families in the first district of the city of Koutiala (Sikasso region, Republic of Mali). These women know one another through ties of community and kinship. They do almost the same work selling condiments: sounbala (pounded fermented seeds), onions, garlic, Maggi bouillon cubes, and spices.

In order to satisfy the needs of their every-increasing number of customers, the group members decided to join the micro-finance institution Soro Yiriwaso and are now on their first solidarity loan (group loan). This loan will be used to buy condiments of all sorts in bulk to be resold retail, cash or credit accepted, at the house and at the Koutiala marketplace.

The group members each hope to realize an average profit of 70,000 francs CFA in the course of this cycle. The profits will be use to make loan interest payments, to provide for the extended family, and to invest the rest in business. Their ambition is to diversify their commerce by embracing other work.

In this group: Fatoumata, Mah , Assan , Magnini , Awa , Sinèni

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Translated from French by Kiva volunteer Daniel Kuey

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