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Total loan: $550
Bougouni, Sikasso, Mali / Food
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Sinignessigui Group's loan finished fundraising,
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A loan helped Purchase of cereals.
Sinignessigui Group's story
The Sinignessigui group is made up of married women, who average 26 years of age and have on average three children each. They live in nuclear families with their children and husbands, in the Heremakono-Nord district of the town of Bougouni, the Republic of Mali's third administrative region. These women met each other through marriage links and business and sell non-alcoholic drinks (known as "sucrerie"), juice and, in the case of Waraba D. who is holding a piece of paper in her hand on the photo, cereals. In order to cope with the issue of getting sufficient supplies to serve more customers, she decided to join the microfinance institution, Soro Yiriwaso, from whom she is taking out her first group loan. Mrs. D. has been selling cereals for around ten years in the market at Bougouni. With this loan she is planning to buy 600kg of pearl millet and 400kg of beans from suppliers in the villages surrounding Bougouni. The cereals are sold retail for cash to a customer base made up of men and women. With this loan she is expecting to make a monthly profit of 300,000FCFA, while the other members of the group are expecting to make 22,500FCFA, which will be used for their children's health costs.