Total loan: $1,250

Victoire Group

Koutiala, Sikasso, Mali / Retail

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A loan helped to purchase charcoal.

Victoire Group's story

Victoire is a group of women from Koutiala who know each other well because they live in large traditional families with their husbands, children and other relatives. They are, on average, 45 years old, married and have at least three children each. This group of women deals in various products such as charcoal, firewood, clothing, cereals, etc. To grow their business, the members decided to get involved with the loan institution Soro Yiriwaso five years ago. They are on their thirteenth group loan and all of the previous loans have been properly repaid. Wassa Traoré is a member of the group Victoire who sells charcoal. She plans to use her loan to buy cartloads of charcoal from producers. She gets her charcoal in different parts of the backwoods. Her stock of charcoal stored on her family land is very important. She sells charcoal at retail for cash at the main market of Koutiala to a diverse and varied clientele. While the other members of the group Victoire plan to clear a profit of 160,000 FCFA during this loan cycle, Wassa Traoré plans to clear 190,000 FCFA. In addition to repaying the loans, they use a part of their income to meet daily family expenses. They hope to strengthen this partnership with Soro Yiriwaso so that supplies will not run out.

Translated from French by Shannon Arnold, Kiva Volunteer