A loan of $1,225 helped a member buying ingredients for making incense.

Balemadjourou Group's story

The group Balemadjourou of the association Lolo is composed of four married women in Kimparana, Prefecture of San, Region of Ségou (4th administrative region of the Republic of Mali). The members of the group live in large traditional families, and they know one another through community ties, average 45 years of age, and have at least nine children. They operate nearly the same business, namely buying and selling a variety of merchandise (cloth, jewelry, incense, sugar, and tea).

The group members joined the loan program of the micro-finance institution Soro Yiriwaso five years ago and are now on their eighth solidarity loan.

As for the use of the loan, Koroba Traoré intends to buy 40 kg of gueni, 12 kg of magnokisseni , 2 kg of djekalani , and 16 bottles of perfumes of all types. Koroba first of all mixes the gueni with eau de ologne and lets it sit for a week. In the following week, she adds all the perfume and the djekalani and then bottles them. They will be sold for 5,000 to 10,000 francs CFA to a customer base composed essentially of women.

Koroba plans on making a profit of 31,000 francs per month. And the other members hope to make a profit of 29,500 francs. The profits will enable them to repay the loan and to reinvest in enterprise.

In this group: Djènèba, Baro , Awa , Koroba

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details