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A loan helped To buy and retail condiments (salt, bouillon cubes, dried baobab leaves ...).
Badenya Group's story
In order to bolster their businesses and make more profits, they joined Kiva's partner, the microfinance organization Soro Yiriwaso, from which they are seeking their fifth solidarity loan (group loan). Previous loans were repaid without problems. These women intend to buy 500 kg of salt, 80 packs of 100 "Maggi" bouillon cubes, 200 kg of dried baobab leaves, and a large amount of various condiments. These products are purchased in part at the Dioïla market, and in part in N’Tobougou and in the surrounding villages. All goods are resold at the N’Tobougou market, for cash or on credit, to a female clientele. These women hope to turn a profit of XOF 20'000 (ca US$ 40) each, to be used to bolster their businesses.
Translated from French by Patrick Stadelmann, Kiva Volunteer