A loan of $1,725 helped a member purchase of various items for resale.

La Paix Group's story

The members of the group "La Paix" (Peace) are essentially married women with an average age of 42 and three children, on average. They mostly live in monogamous families in District 1, a district of the town of Loulouni, third administrative region of Mali.

They are on their third collaboration with the microfinance institution Soro Yiriwaso, so as to satisfy the needs of their clientele which grows from day to day. They have businesses buying and selling fruit, condiments, clothing, 'atieké' (cassava grits), etc.

With their loan they are counting on buying fruit (a wagenload of oranges and 5 stalks of bananas) 6 packets of condiments, 3 dozen pieces of clothing, and 5 sacks of 'atieké' + 1 jerrycan of 20 liters of oil for making cooked food.

They buy their inventory at the market of Loulouni town on weekly market days and in surrounding villages. They sell their goods in Loulouli town, out of their houses, in the market, and walking on foot through the neighborhoods. They sell for cash and often for credit to a clientele composed of men and women.

They each expect to make an average monthly profit of 32,000 F CFA of which part will be used to add to their savings or for family expenses, and the rest reinvested into their businesses.

They expect to have more working capital so as to better satisfy the needs of their clientele and to be able to set up a sales point.

In this group: Mamou , Sibitila , Ayohi , Anchata , Maïmouna , Anchata , Gnian, Moussou Mady

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Translated from French by Kiva volunteer Teresa Kramer

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