Total loan: $800
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 purchase clothing.
Tiessiri Group's story
The group TIESSIRI comprises four women, all married and averaging 32 years of age and five children each. The women live in traditional extended families with their husband, co-wives, brothers, and sons in the MASSABLACOURA district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to operate their businesses better, they joined the microfinance institution Soro Yiriwaso and are now on their fifth loan. The four previous loans were correctly repaid. This group of women does commerce in clothing, as does MAMOU, who is the first woman on the right in the photo. She buys and sells grains and intends to use her loan to purchase 25 lengths of 'pagnes' (the colorful cloth of western Africa) from Bamako wholesalers. Accepting cash or credit, she makes her sales retail at the market and at home to a customer base composed essentially of women. She envisions making an average monthly profit of 22,000 francs CFA that will be reinvested in her work and used to repay the loan.