A loan of $1,300 helped a member purchase of ingredients for restaurant.


Lolo Group's story

The four women of the Lolo group are all married and have an average age of 30 years and 2 children. They live in large traditional families in the N'kola neighborhood in the Fakola subprefecture, in the Kolondièba prefecture (which is in the Sikasso region in Mali). Their main revenue-generating activity is a restaurant and has been for 7 years. Their restaurant is situated in the heart of their village and is a stopover point for travelers and merchants coming from Côte d'Ivoire (a sister country bordering this area of Mali).
To meet the ever-increasing customer demand, this group has decided to turn to the microloan institution Soro Yiriwaso, with which the group is on its third solidarity loan. Their previous loans were all repaid in full with no problems.
The women hope to use this loan to purchase, 1000 kg of rice, 500 kg of small millet, 100 kg of beans, 500 kg of potatoes, beef, and fish and the rest will be used to purchase a large amount of condiments. The women purchase their stock in the Fakola market with traveling merchants and sell their goods in the market to a diverse and affluent client base.
They each hope to make 60,000 CFA in profit that will be used to pay the interest on the loan, provide for their families, and invest back into their business.

In this group: Mah , Chiata, Safiatou, Sitan

Translated from French by Kiva volunteer Manuel Carreiro



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