A loan of $650 helped a member buying various goods.


Yèrèdon Group's story

The group Yèrèdon is composed of six women, all married, in large traditional families.  The women average 35 years of age and four children each living in the capital of the rural community of Cinzana Gare (4th administrative region of the Republic of Mali).  They know one another through ties of community and kinship. 

Concerned about increasing the volume of their businesses, they decided to join the Soro Yiriwaso loan program and are now on their second group loan after having properly repaid the first one. 

The new loan will be used to buy:  two sacks of rice, a sack of potatoes, four 20-liter drums of oil, 40 kg of smoked and dried fish, two sacks of peanuts, some condiments (including a basket of fresh onions, 10 kg of big onions, a basket of dried onions, 5 kg of sounbala, two packets of Maggi bouillon cubes, 2 kg of black pepper, a basket of cabbages, and a basket of fresh tomatoes), and twenty packets of hair extensions.

The group members stock up locally at the weekly fairs of Cinzana Gare and Ségou.  The rice is reserved for food catering.  A portion of the potatoes is fried to be sold.  Sales are made at the Cinzana Gare market, in homes, and door-to-door on ordinary days.  Cash or credit is accepted from customers composed of men, and women, and children for the fried potatoes.

The group members plan on earning an average monthly profit of 20,415 francs CFA that will be used to repay the loan, to buy school supplies and medicines, and to take part in societal events.

In this group: Aminata, Maïmouna , Mamou , Mamou , Bintou , Salimata

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Translated from French by Kiva volunteer Daniel Kuey



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