A loan of $1,025 helped a member purchase various products.


Siguikame Group's story

The six women who make up the Siguikame group are all married and are on average 25 years old, with 2 children. The majority of them live in monogamous families in Mancourani 1, one of the neighborhoods of the city of Sikasso in the third administrative region of the republic of Mali.
They are working with the Soro Yiriwaso micro finance institution in order to satisfy the needs of their customers. This is their fourth group loan. All of the four previous loans have been well resolved. They sell medicine, children's clothing, potatoes, yams and Wax brand pagnes (lengths of brightly colored fabric).
With their new loan, they plan to purchase 5 packages of medicine, 4 dozen children's outfits, 4 lengths of Wax pagnes and 11 sacks of potatoes. They get their supplies in the Sikasso market from wholesale distributors and in the neighboring villages. They sell in Sikasso for cash or often on credit, in the various markets and in the neighborhoods in a traveling manner, to a clientele composed of men and women.
They each envision making a monthly profit of 32,500 FCA francs, of which a portion will be used for savings and for family needs, and the other portion will be invested in their activities.
Several of them plan to purchase a plot of land to live on in Sikasso, and others plan to open a store.

In this group: Awa , Mariam, Fatoumata , Adiaratou , Kadiatou, Chata

Translated from French by Kiva volunteer Heather Nicholson



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Loan details