A loan of $1,175 helped a member buying charcoal.

Badenya Group's story

Composed of married women, the members of the group Badenya average 23 years of age and two children.  These women live in nuclear conjugal families with their children and husband, and they reside in the Massabla-Coura district of the city Bougouni (3rd administrative region of the Republic of Mali).  They know one another through ties of marriage, and they have businesses involving charcoal (such as Ms. Oumou Sangaré), firewood, clothing, etc.

Concerned about increasing their inventory of goods, so at to satisfy customer expectations, the group members decided to join the micro-finance institution Soro Yiriwaso and are now on their sixth group loan.  All the preceding ones have been repaid. 

Ms. Oumou Sangaré has been doing commerce in charcoal since she was young.  This lady says that she learned this trade from her mother's co-wife.  With this loan, she plans on buying five tonnes of charcoal from suppliers in and around Bougouni and then selling it retail for cash at the Bougouni market.  Her customer base is composed of women and men. 

With this loan, she hopes to obtain a monthly profit of 45,000 francs CFA, while the other group members plan on a monthly profit of 30,000 francs.  The women say the profit will be used for covering the health care costs of their children.

In this group: Oumou, Djeneba , Sali , Mariam

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Translated from French by Kiva volunteer Daniel Kuey

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