A loan of $1,525 helped a member buying grains.

Bary Maramou Ii Group's story

The group Bary Maramou 2 is composed of married women who average 26 years of age and four children each.  The women live in monogamous families with their children and husband, and they reside in the city of Yanfolila, which is part of the 3rd administrative region of the Republic of Mali.  They know one another through business ties. 

With the intention of increasing their financial resources and having enough inventory to satisfy customer needs, the group members decided to join the micro-finance institution Soro Yiriwaso, so as to do commerce in grains.  They are now on their second solidarity loan.  The preceding one was properly repaid.

With this new loan, they intend to buy:  five tonnes of corn and two tonnes of petit mil (millet) from suppliers of villages surrounding Yanfolila.  The goods are then to be resold retail at the Yanfolila market in cash transactions.  Their customers are composed of men and women. 

With this loan, the group members plan on obtaining a profit of 40,000 francs CFA per month that will be used to provide clothing and schooling for their children. 

In this group: Namere, Ramatou Deke, Awa Matou, Mariam, Tenin, Mamine, Minata

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Translated from French by Kiva volunteer Daniel Kuey

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