Total loan: $800
Bougouni, Sikasso, Mali / Food
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Kalo Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy vegetables.
Kalo Group's story
Kalo group is made up of four women. Two are married, one is widowed and the other is divorced. On average, they are 36 years old and have three children. They lived in traditional extended families in the Niebala neighbourhood of Bougouni. The members of the group know each other through being neighbours, friends and business associates. In the interest of increasing their capital and improving their businesses, they are members of the Soro Yiriwaso microfinance institution. This is their first loan. These women trade various food products such as vegetables, like Bintou, who is shown sitting down in the photo. With her loan, Bintou is going to buy five baskets of cucumbers from gardeners in neighbouring villages. She sells to individuals at the market and from home, both for cash and on credit. The majority of her customers are women. Bintou expects to make an average of 40,000 CFA francs per month, which will be re-invested in the business and used to repay the loan.