Today, get an extra $25 to lend when you make your first Kiva loan.
Total loan: $700
Bougouni, Sikasso, Mali / Clothing
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Tiessiri Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy fabrics.
Tiessiri Group's story
The members of the TIESSIRI group are married women who are, on average, 43 years old and have four children each. They live in extended traditional families with their husbands, their husbands' wives, co-wives, brothers and sons, in the Heremakono Centre neighborhood of the town of Bougouni. These women know each other through neighborhood and friendship ties, and also through their professional activities. They have joined the microfinance institution Soro Yiriwaso in order to strengthen their financial capacity. This is their second loan with the institution; their previous loan was well repaid. Oumou, the group's leader, is also the member of the group who sells shoes, condiments, fabrics and various items (toothpaste, tooth-picks, Q-tips). In the photo, she is the one sitting behind a lot of displayed goods and wearing a reddish outfit. She plans to use her loan to buy 15 Uniwax "pagnes" (colorful West African fabrics) from wholesalers in Bamako. She will then resell these pagnes at the Bougouni market or from home, for cash or on credit, to a retail customer base consisting of men and women. Oumou is expecting average monthly profits to reach 20,000 CFA francs. She will use her profits to repay her loan, cover her family's expenses and reinvest in her activities.