A loan of $450 helped a member to buy various goods.

Mougnou Group's story

The members of the group Mougnou are married women who average 47 years of age and 4 children.  With their husband and children, they live in traditional families, residing in the village of Balan, sub-prefecture of Fana, region of Koulikoro, Republic of Mali.  They know one another through ties of community and marriage.  They essentially buy and sell various goods, and they work in food catering (essentially fried foods and sweets).  

The women joined the micro-finance institution Soro Yiriwaso with the goal of sustaining their lucrative work.  They are now on their 11th group loan.  All the previous loans have been properly repaid.

The group members want to buy a major quantity of goods (condiments, wheat flour, cooking oil, etc.) at the Fana marketplace.  These goods will be sold retail, cash or credit accepted, in the village of Balan to customers composed of women and men.  The food catering is operated in town for customers who go through the village and for a few gourmets, plus, let's not forget children. 

The group members plan on obtaining a monthly profit of 15,000 franc CFA per person.  With this loan, the profits will be reinvested in the business, and a portion will be used to cover family expenses. 

In this group: Djeneba, Sitan , Atoumata , Soumba

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Translated from French by Kiva volunteer Daniel Kuey

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