A loan of $850 helped a member purchase of selling items.

Siguikadi Group's story

The eight members of the Siguikadi group are mainly married women, with in average 38 years of age, two children and most of them live in polygamous families in Noumousso, a neighborhood of the city of Kadiolo, in Sikasso, the third administrative region of the Republic of Mali.
They joined the microfinance institution Soro Yiriwaso in order to meet their customers' needs. This is their fourth solidarity loan and they fully repaid the previous ones.
They sell shea butter and plastic bins.
With this new loan each of them is planning to buy 150 kg. of shea butter and four dozens of plastic bins.
They buy their supplies in the neighbor villages and at the big market in the city of Kadiolo.
They sell their products for cash in Kadiolo and at the market on fair days to a customer base of both men and women.
They expect to reach average monthly earnings of 35,750 FCFA each, of which part will go into savings and meeting family needs, and the remainder will be reinvested in their business. Their ambition is to become wholesalers.

In this group: Saly, Naminata, Saki, Djénèba, Mariam, Chata, Bintou, Adiaratou

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Translated from French by Kiva volunteer MONICA URBAN

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