Total loan: $2,300

Laidou Group

Bamako, Bamako Capital District, Mali / Food

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A loan helped to purchase condiments.

Laidou Group's story

Most of them married in polygamous households, the seven members of the group Laïdou average 41 years of age and four children each. The women all live in Kalaban-coura, a district in Bamako. And they know one another through community ties. The group members have small-scale businesses involving condiments, prepared foods, brooms, and containers. With the goal of increasing their capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 2nd solidarity loan cycle. Ms. Assetou (the woman standing at the far right in the photo) is a major vendor of condiments of all types. She intends to use her loan to purchase condiments in Médine (Bamako). Her sales are made retail to mostly women customers in Kalaban-coura. With this loan, she is planning on making an average monthly profit of 60,000 francs CFA that will be used for reinvesting in her business and meeting the sundry needs at home.