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Total loan: $525
Bougouni, Sikasso, Mali / Food
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Soutoura Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy condiments.
Soutoura Group's story
The Soutoura group is made up of 5 women who are all married and have an average age of 40 and, on average, 4 children. They live in traditional families with their husbands, co-wives, brothers and sons in the Niebala district of Bougouni town. They got to know each other through neighbourly relationships, friendships and business. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity so that they are better able to do business and are on their second loan. The previous loan was properly repaid. The women of the group sell condiments. Kadiatou is the woman sitting in the picture and she plans to use her loan to buy 50 kilos of néré seeds (a.k.a. African locust seeds) from the wholesalers. She makes her sales at the market and door-to-door for cash or credit to a retail clientèle mostly made up of women. She expects to make an average monthly profit of 33 000 francs which she will reinvest in her business and use to repay the loan.