A loan of $1,875 helped a member to buy various goods.

Soutoura Group's story

The nine women of the group Soutoura are all married and average 38 years of age and 5 children each. They live for the most part in monogamous families in Sanoubougou I, a district of Sikasso City (third administrative region of the Republic of Mali). They do a diversity of work, including selling soap, fruit, Wax pagnes (colorful West African cloth), and grains.

The group members are on their third collaboration with the microfinance institution Soro Yiriwaso with the goal of satisfying customer needs and to increase their profits. The two preceding loans were settled. With this new loan, they intend to buy 60 boxes of soap, 15 packages of fruit, 15 bolts of Wax pagnes, and 200 kg of grain. Supplies are gotten at the grand marketplace of Sikasso, in Bamako, and in surrounding villages. The merchandise is sold at the grand marketplace of Sikasso City, locally at home, and door-to-door, to customers composed of women and men, cash or credit accepted.

The group members each envision realizing an average monthly profit of 23,000 francs CFA. A portion of the profits will be used to help their husband cover family expenses, and the other portion will be invested in business and for repaying the loan. Their ambition is to become wholesale merchants.

In this group: Rokia, Ramata , Abi , Diaminatou, Aminata Tefoure , Oumou, Sounkoura , Maimouna , Aminata Lassina

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Translated from French by Kiva volunteer Daniel Kuey

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