Total loan: $3,650

Neguim Ziene/Fido Group

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Léo/Sissili, Centre-Ouest Region, Burkina Faso / Food

Neguim Ziene/Fido Group's loan finished fundraising,
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A loan helped to buy cereal (maize) for resale.

Neguim Ziene/Fido Group's story

The group is comprised of six members, represented by a leader named Abou. He is 42 years old and married with four children. He has sold cereal crops for 15 years. He wants the loan to buy cereals in large quantities to resell.
After his harvest, he sells his cereals and buys in a large quantity to stock and to sell at a later date to his clients. His cereals are of good quality and in addition he sells them at a fair price - which leads to his business working well.
After his sales, he will have a profit which will enable him to meet the needs of his family, and to continue his business.
He is on his fourth loan contract with ACFIME and he keeps to the (usually one-off) repayment deadlines.