A loan of $1,075 helped a member purchase of condiments and cereals for resale.

Jiguisseme Group's story

This Jiguisseme group is made up of four married women, all monogamous, with an average age of 35 and on average two children. They live in Bougoula hamlet, one of the rural communities of Sikasso (3rd administrative region of Mali).

They are on their 5th loan through the micro-finance institution Soro Yiriwaso, so as to satisfy the ever-growing needs of their customers and increase their income. All the preceding loans have been correctly reimbursed. They have varied businesses, among others selling condiments, dried beans, and various other cereals.

With this loan, they intend to buy 40 containers of condiments and 50 sacks of 100 kg of cereals. They stock up at the big open-air market of the town of Sikasso and in the surrounding villages. The merchandise is sold at the Sikasso city market right where they live, out of their homes, and door-to-door to a clientele composed of women and men, for cash, retail.

They each expect to make an average monthly profit of 19,000 F CFA of which part will be used for the health and education of their children and the rest reinvested into their businesses or used to reimburse the loan. The ambition of the women of this Jiguisseme group is to become wholesalers.

In this group: Ami , Fanta , Djenebou , Bintou
*not pictured

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Translated from French by Kiva volunteer Teresa Kramer

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Loan details