A loan of $725 helped a member purchasing various articles for resale.

Mougnoun Group's story

The four members of the Lafia group are married women who, on the average, are 37 years old and have 4 children, and who mostly live in polygamous marriages in Kamalen Sirakoro, a village in the Sikasso community, the 3rd administrative district of Mali.

They collaborate with the microfinance institution Soro Yiriwaso in order to better satisfy their customers’ demands, and this would be their fourth joint loan. All previous loans have been repaid.

They sell peanuts, atiécké (a starchy food made from cassava), fresh fish, shoes and pagnes (a type of West African wrap cloth). With this new loan, they plan to purchase 150 kg ( 330 lbs) of peanuts, 100 kg (220 lbs) of atiecke, 10 kg (22 lbs) of fish, 3 dozen pairs of plastic shoes and 10 sets of pagnes. They purchase their stock in the market of the town of Sikasso and in the nearby villages. They sell their goods at the markets of Kamalen Sirakoro, on the street or at home, for cash and often on credit, to a customer base composed of both men and women.

They plan to reach a medium monthly income of approximately 23,500 West African Francs for each member of the group; a part of that income would be used for savings and for their families’ needs, and the rest invested in the business.

In this group: Kadia , Rokia , Mariéou , Djenebou

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Translated from French by Kiva volunteer Katharina S

Loan details

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Loan details