A loan of $425 helped a member to buy groundnuts.


Hèrèdiya Group's story

The members of Hèrèdiya Group are all married women living in monogamous families. On average, they are 44 years old and have five children. They all live in Farabougou, a village located in the rural municipality of Téssérèla (fourth administrative region of Mali). They know each other through ties of kinship, marriage and neighborhood.

The group members are businesswomen selling groundnuts, clothes, dried fish and calabashes. The urge to increase their working capital led them to create a team and join the credit program of Soro Yiriwaso. This is their first solidarity loan.

Mrs Alimata Sangaré wants to use her loan to buy 5 sacks of groundnuts from the producers in N'gassola, Tissala and Téssérèla. She will sell the groundnuts from her home and by hawking in the nearby villages and at the trade fairs in N'gassola and Téssérèla. She retails, for cash and credit, to a clientele made up of men, women and children.

Alimata expects to make a monthly profit of 22,500 CFA francs which she will use to repay her loan, contribute to some household expenses, participate in social events (weddings, baptisms and funerals) and increase her working capital. Her ambition is to perpetuate her business through sufficient working capital and own a cart and a donkey for her travelling and transportation needs.

In this group: Tara , Alimata , Rokiatou , Aminata

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Translated from French by Kiva volunteer Robert Mouris



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