Total loan: $1,050
Komo, , Mali / Food
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Yiriwasso Group's loan finished fundraising,
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A loan helped to buy produce.
Yiriwasso Group's story
Yiriwasso is a group in the Benkadi association in Komo, a village in the rural commune of Tiele. The group is made up of five women who know each other through being relations and neighbours. They have an average age of 40 and are all married, with three children on average. The women are all involved in different businesses, such as selling produce, like Awa who is pictured sitting in the photo. The women live in large traditional families in Komo in the Baguineda sub-prefecture (in the Koulikoro region in the Republic of Mali). All the women have been running small businesses for several years and are highly sought-after for the produce they sell: peppers, tomatoes, etc. In order to satisfy growing customer demand, the members of the group decided to join the Soro Yiriwaso microfinance programme three years ago. This is their fourth solidarity loan. Awa is planning to use her loan to buy various items of condiments and produce (peppers, tomatoes, onions, cabbages and cooking salt). She buys her supplies in Bamako and locally from wholesalers, and sells her produce to individuals in Komo, both for cash and on credit, to a customer base that includes both men and women. Awa hopes to make 40 000 CFA francs per month, which will allow her to repay the loan and reinvest in her business.