Total loan: $1,975
Kanadjiguila, , Mali / Retail
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Flamboyant Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase plastic utensils of all sorts.
Flamboyant Group's story
Married for the most part in polygamous households, the five members of the group Flamboyant average 37 years of age and four children each, all living in Kanadjiguila, in Commune du Mandé, Cercle de Kati. They know one another through ties of community and their revenue-generating businesses. The group members work in commerce involving plastic utensils of all sorts, clothing, and peanuts; and they work in food service. With the goal of increasing their business capital, the group members decided to join the microfinance institution Soro Yiriwaso and are now on their second solidarity loan. Ms. Korotoumou (the woman standing second from the right in the photo) is a vendor of all sorts of plasticware. She intends to use her loan to purchase 80 pieces of plastic utensils wholesale at the big market in Bamako. By hawking, her sales are made retail and in cash to a customer base composed mostly of women in Kanadjiguila. With this loan, Ms. Korotoumou plans on making an average monthly profit of 80,000 francs CFA that will be used to invest in her business and to meet the sundry needs of her children.