A loan of $1,225 helped a member purchase of cereals for re-sale.

Fotemogoban Group's story

The Fotemogoban group is made up of women from the village of Téné (Ségou region) who know each other well. They have an average age of 40, are married, and are mothers of at least 7 children. They have a single business: selling cereals ("fonio"--a local sort of millet; rice, dried beans, and a sort of groundnuts)

To be able to satisfy their clientele which is always growing and expand the size of their businesses, the members of the Fotemogoban group decided to join the loan program of Soro Yiriwaso three years ago. The amount they are allowed to borrow has gone from 50,000 F CFA for their first loan to 150,000 F CFA for their fifth solidarity (group) loan.

The present loan will be used to buy sacks of "fonio", dried beans, groundnuts, and rice in Fangaso and Djeli to be sold in San and Koutiala. They each hope to make an average profit of 115,000 F CFA during the loan cycle. Besides reimbursing the loan, they will use a part of the income to cover current family expenses and increase their working capital.

In the days to come, they want to remain true to Soro Yiriwaso so as to have a consistent amount of capital in order to open a shop selling cereals.

In this group: Touta , Sia , Salimata, Djéneba

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Translated from French by Kiva volunteer Teresa Kramer

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