Funded

Total loan: $725
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Wassa Group

Mali
Fougani , Mali / Charcoal Sales

A loan of $725 helped a member purchase of charcoal.


Wassa Group's story

The members of the Wassa group are married women with an average age of 38 years and 3 children. They live with their husbands and children in large traditional families in the village of Fougani, in the Fana subprefecture, in the region of Koulikoro (second administrative region of the Republic of Mali). These women know each other due to familial and neighborly ties. They sells cereals and charcoal. Nana D. is one of the members who sells charcoal. Nana, like the other members of the group, is collaborating with the microfinance institution Soro Yiriwaso to have constant financial support for their activities. They are on their fourth loan and all of their previous loans were repaid in full. With this loan, Nana hopes to buy cartloads of charcoal from producers in the village and surrounding areas, which will then be sold on-site to a client base comprised mainly of retailers. She hopes to make an average monthly profit of 25,000 FCFA. The profits will be invested in food, health, and the business.

In this group: Sitan Birama , Oumou , Kadia , Wassa , Nana , Bintou , Assitan Zanke
*not pictured

Translated from French by Kiva volunteer Manuel Carreiro



Loan details

Loan length:

6 months
Disbursed date: March 10, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: March 10, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children