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Total loan: $1,475
Bougouni, Sikasso, Mali / Food
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Ambekou Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase grains.
Ambekou Group's story
The group AMBEKOU is composed of seven women, all married, who average 51 years of age and six children each. The women lives in traditional extended families in the TORAKABOUGOU district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to have better businesses, they joined the microfinance institution Soro Yiriwaso and are now on their fifth loan. The four previous ones were correctly repaid. This group of women does commerce in grains, just like FANTA, who is the third women sitting from the right in the photo. With her loan, she intends to purchase one tonne of grains from Bougouni wholesalers. Accepting cash or credit from a mixed customer base, she makes her sales retail at the market and at home. She envisions making an average monthly profit of 25,000 francs CFA that will be invested in her business and used to pay back the loan.