A loan of $525 helped a member to buy and sell food products.

Sinignèssigui Group's story

The Sinignèssigui group is composed of five women who are all married and, on average, 46 years old with 4 children. They live in polygamous households in the village of Ouélegana, in the Ségou region (4th administrative region of Mali), and know each other through familial, marriage, and neighbourhood relations, and by helping each other during the winter.
This group of women sells various food items.
With the goal of increasing their working capital, they decided to join the loan program of Soro Yiriwaso (one of Kiva's field partners), with whom they are on their second group loan. Their first loan was repaid properly.
This second loan will be used to buy 180 bags of baobab leaves, 140 bags of fakoye leaves, 5 bags of iodized salt, 1 bag of rice, and 50 kg of dried or smoked fish. They get their supplies at the market fair in Ségou and in the villages of Benzena, Wessebougou, Donzana, and Sonkebougou. The products are re-sold at home, door-to-door, and at different markets in Ségou, at retail, in cash or on credit, to a clientele composed of men and women
They hope to realize an average monthly profit of 26,000 FCFA, which will be used to provide for the health and education of their children.

In this group: Nana, Fanta Zara, Awa, Fatoumata Moctar, Neyini

Translated from French

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Loan details