A loan of $225 helped a member to buy food condiments.


Faïda Group's story

The women of the Faïda group, all married, are on average 35 years old with 2 children and live in traditional extended households in Missiritou, Dioïla prefecture, Koulikoro region (second administrative region of the Republic of Mali).
They know each other through familial relations and run businesses selling food condiments, cakes, and peanuts in various forms.
These women are on their first solidarity (group) loan. One of the members, Alima Lassina C., is in the business of selling food condiments and intends to use her portion of the loan to buy packets of condiments (pepper, table salt, Maggie cubes, peanut paste, tomato concentrate, etc.).
She gets her supplies of condiments generally in Dioïla and in Fana, and makes her sales locally, at the market in Dioïla, and at the neighbouring market day fairs, in cash, at retail, and on credit, to a clientele composed of women and men.
She intends to realize an average monthly profit of 12,500 FCFA, a portion of which will be used to pay for the family's daily expenses, and the rest reinvested in her business.

In this group: Alima Lassina , Safoura , Bintou , Bintou

Translated from French by Kiva volunteer



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Loan details