Total loan: $2,650
Bamako, Bamako Capital District, Mali / Food
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Laïdou Group's loan finished fundraising,
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A loan helped buy fresh fish.
Laïdou Group's story
The Laïdou group consists of seven women, all married and living in polygamous households. They are on average 37 years old with five children. They all live in Kalaban-Coura, one of Bamako's neighborhoods. They became acquainted through local tontines (savings groups) and their income-generating activities. Group members are retail merchants selling fish, eggs, condiments, pagnes wax (colorful West-African fabric), used clothing and fresh maize. To increase their working capital, group members decided to join Soro Yiriwaso and are on their second group loan. Mrs. Naha (the woman standing in second position from right to left in the photo) has a great reputation at selling fish in Kalaban-Coura. She plans to use the loan to buy two baskets of fish. She resupplies in the River District. Retail sales are conducted for cash in Kalaban-Coura to a predominantly female clientele. With this loan Mrs. Naha hopes to achieve average monthly profits of 90,000 CFA francs which will be used to meet her children's small needs. The remainder will be reinvested in her activities. She relies on the partnership with Soro Yiriwaso to achieve her objectives in expanding her business.