A loan of $800 helped a member purchase of ingredients for making cooked food to sell.

Fayida Group's story

'Fayida' is a group belonging to the Djekadi Association, made up of 7 married women from the town of Tominian, a prefecture of the Ségou region (fourth administrative region of the Republic of Mali). They live in traditional extended families and have an average age of 28 and on average, 4 children each.

The women of this group sell cooked food and various retail items. In order to make their businesses more productive, the members of this Fayida group decided to join the loan program of the micro-finance institution Soro Yiriwaso, with whom they are on their first loan.

This loan will be used to buy condiments, rice, and a lot of other ingredients for cooked food. This catering business earns them a good income, and they sell essentially for cash to a clientele composed of transporters.

Each of the members of the Fayida group expects to make a monthly profit of 15,000 to 30,000 F CFA which will be used to reimburse the interest on the loan and for current family expenses.

In this group: Anou, Fatouma, Sanihan, Mata, Véronique, Jeanne, Massaran

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Translated from French by Kiva volunteer Teresa Kramer

Loan details

Lenders and lending teams

Loan details