A loan of $1,025 helped a member to buy various items.

Kolaban Group's story

The Kolaban group consists of five married women (2 in monogamous households and 2 in polygamous ones) who are 37 years old on average and have 5 children on average. They live in Kapelekoulou, one of the districts in the city of Sikasso (third administrative region of the Republic of Mali).
They work with the microfinance institution Soro Yiriwaso in order to satisfy the needs of their customers, and are seeking their ninth solidarity (group) loan. All their previous loans were repaid without problems.
They run various businesses which include, among others, preparing food (rice and beans), dyeing, and selling shoes, firewood, clothing, fruits and vegetables.
With this new loan, they intend to buy 50 packages of shoes, two 50-kg bags of beans, and three 100-kg bags of rice for food preparation. They supply themselves at the markets in Bamako (the capital of Mali), Medine, Sikasso, and in the neighbouring villages. Their goods are sold at various markets in Sikasso and to families door-to-door, to a clientele composed of men and women, most of whom pay in cash at retail.
They each foresee realizing an average monthly profit of 22,500 FCFA, of which one portion will be used for their families' needs, and the rest invested in their businesses.
Some of the women of the Kolaban group aspire to buy a plot of land to live on, and the others hope to open their own shops in Sikasso.

In this group: Chata , Safiatou, Maimouna , Nassoum , Djenebou

Translated from French by Kiva volunteer

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