Total loan: $1,275
Méridièla, Sikasso Region, Mali / Food
Marademe Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy small goats.
Marademe Group's story
The Marademe group is made up of 5 women who are all married and have an average age of 36 and, on average, 3 children. They mostly live in traditional families in Méridièla, one of the villages in the Bougouni Circle. They got to know each other thanks to neighbourly and professional relationships, and friendships. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity so that they could better run their businesses, and are on their 9th loan. The previous loans have been properly reimbursed. This group of women sells cereals and doughnuts, and prepares and sells meat. Fanta, who is standing in the middle of the picture, buys and sells meats. She plans to use her loan to buy 5 small goats from the farmers. She makes her sales of cooked meat (grilled and stewed) at the Méridièla market, at the markets of the surrounding villages and door-to-door, for cash or credit to a retail clientèle made up of men and women. She expects to make an average monthly profit of 60 000 francs, which will be reinvested in her business and used to repay the loan.