A loan of $1,775 helped a member buying peanuts.

Fotemogoban Group's story

The group Fotemogoban of the association Badenya is composed of five married women of the city of Tènè, Region of Ségou (4th administrative region of the Republic of Mali).  The group members live in large traditional extended families.  They know one another through ties of community and kinship.  And they average 38 years of age and have at least four children.  These woman have had income-generating businesses for over ten years and joined the micro-finance institution Soro Yiriwaso over four years ago.  They are now on their seventh solidarity loan after having properly repaid the six preceding ones. 

The group members do commerce in a variety of goods, such as peanuts, rice, and condiments. Touta D., a member of the group, plans on using her loan for buying 50 sacks of peanuts from peasant producers in and around Tènè.  She hulls five sacks each week and goes to resell them in San and at surrounding markets.  Her customer base is compose of women and men. 

While she hopes to make a monthly profit of 47,000 francs CFA, the other group members envision making 43,000 francs.  This profit will be used to provide for the family and for reinvesting in the businesses.

In this group: Touta , Salimata , Djeneba , Messitan , Bana

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Translated from French by Kiva volunteer Daniel Kuey

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