Total loan: $2,550
Bamako, Bamako Capital District, Mali / Food
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Lolo 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.
Lolo Group's story
The eight members of the Lolo group, who are all married and living in monogamous households, average 39 years of age with four children each. They all live in Djalakorodji, one of the districts in Bamako, and they got to know each other as neighbors and through their income-generating activities at the market in Djalakorodji. The group members have small businesses either selling condiments (tomatoes), cereals, clothing, charcoal and firewood, or carrying out restauration activities. They decided to collaborate with Soro Yiriwaso so that they could expand their businesses and are on their third group loan cycle. Sali (who is standing on the far right of the photo) is a significant seller of condiments (tomatoes, onions). She is planning to use her loan to buy 2à baskets of tomatoes wholesale in Bamako. She resells on a retail basis in Djalakorodji to a primarily female customer base. Sali expects to make an average monthly profit of 90,000FCFA with this loan and will use the profit to reinvest in her business and satisfy her household's small needs.