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Total loan: $2,150
Koutiala, Sikasso, Mali / Food
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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 food for resale.
Tiessiri Group's story
Tiessiri Group is an association of women from the Hamdallaye district of the city of Koutiala. They know one another well, and are all married and living in large traditional families. Their average age is 35 years old, and they have three or more children. This group of women sells various goods, such as fabrics, fruits and vegetables, plastics, sundries, etc.. In order to increase the size of their operations, the members have decided to join the loan program of Soro Yiriwaso. They are on their ninth group loan. Kadia is a Tiessiri Group member, shown seated in front, second from the right. She plans to use her loan to buy bags of peanuts, cassava, and yams. She purchases her merchandise at the large market, and resells them at retail for cash, both from her home and at the market, to a diverse clientele. While other members of the Tiessiri Group hope to earn an average income of 195,000 Francs CFA each during this cycle, Kadia hopes to earn 215,000 Francs CFA. In addition to the repayment of loans, they use part of their income to meet personal expenses and increase their business capital.