A loan of $400 helped a member buying fruit.

Laïdou Group's story

The group Laïdou is composed of married women averaging 24 years of age and two children. They live in nuclear conjugal families with their children and husband. These women reside in the Hérémakono-Nord district of Bougouni City (3rd administrative region of the Republic of Mali). They know one another through ties of friendship and commerce, and their businesses involve fruit and vegetables: plantains, coconuts, pineapples (as with Kadia Samaké), and food catering.

To improve their buying power in order to build up a large enough stock, the group members decided to join the micro-finance institution Soro Yiriwaso and are now on their third group loan. All the preceding ones were repaid.

Ms. Kadia Samaké does commerce in fruit and vegetables, such as plantains, pineapple, and coconuts next to her husband, who is a welder. Her business is situated in the heart of Bougouni City along the National Road No. 7, which links Abidjan (Republic of Cote d’Ivoire) and Bamako (Republic of Mali).

Kadia plans on using her loan to buy 50 bunches of plantains, 200 kg of pineapples, and 100 kg of coconuts. She gets her supplies from truck drivers who stop over in Bougouni on their way from Bamako to Abidjan. All sales are cash or credit retail sales to a customer base composed of women and men in Bougouni City.

With this loan, Kadia hopes to have a monthly profit of 35,000 francs CFA, while the other group members plan on a monthly profit of 25,000 francs. The profit will be used for taking care of the children.

In this group: Kadia , Minata , Adiara , Mama

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Translated from French by Kiva volunteer Daniel Kuey

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