Funded

Total loan: $525
Powered by 19 lenders

Ankadignongonyé Group

Mali
Djoutièbougou , Mali / Food Production/Sales

A loan of $525 helped a member to buy food condiments.


Ankadignongonyé Group's story

The women of Ankadignongonyé Group are all married. On average, they are 36 years old and have six children. They all live in extended traditional families with their brothers, sisters, cowives, children and husbands in the village of Djoutièbougou in the prefecture of Bougouni (third administrative region of the Republic of Mali). The group members know each other through family, marriage and neighborhood ties.

On their search for additional income, they decided to join the credit program of the microfinance institution Soro Yiriwaso and become sellers of food condiments.

This is their first group loan which they will use to buy 200 kilograms of néré nuts (the nuts are boiled and pounded to obtain a dark paste, which is made into various shapes (balls or ovals) and turned into sounbala, a highly appreciated ingredient for African sauces), 300 kilograms of dried baobab leaves (from monkey bread trees) and 150 kilograms of dah (hibiscus blossoms used to make drinks). The women will buy all these condiments in Djoutièbougou and other nearby villages, and retail them for cash at the market in Bougouni to a clientele made up mainly of women.

Thanks to the loan, they expect to make an average monthly profit of 15,000 CFA francs, which they will spend on healthcare for their children.

In this group: Chata, Alima , Doukouni , Minata , Djeneba , Assa , Raba , Nagnouma , Gadio , Sali
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Robert Mouris



Loan details

Loan length:

8 months
Disbursed date: March 18, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: March 18, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children