A loan of $575 helped a member purchase of fruit and vegetables for resale.


Kanou Group's story

'Kanou' is a group of four women from the town of Yangasso, San prefecture (fourth administrative region of Mali). They met because of being related and/or neighbors. They have an average age of 32 and on average, six children each. They have various businesses selling different things: fruit and vegetables, clothing, condiments, etc.

In order to expand their businesses, the members decided to join the loan program of Soro Yiriwaso three years ago. They are on their sixth solidarity loan (group loan). They buy their merchandise in San and Koutiala. They make their sales at the market of Yangasso and in the surrounding weekly markets, and the villages surrounding the town of San.

Djeneba S., the group leader, is well known in Yangasso for buying and selling fruit and vegetables. She stocks up weekly at the big open-air market of Koutiala town. With her new loan she intends to buy 20 sacks of potatoes, one sack of avocados, 50 kg of Bambara peas, and 6 cases of plantains. She hopes to make a monthly profit of 12,500 F CFA whereas the other members expect to make a monthly profit of 11,500 F CFA which will be used to reimburse the loan and reinvest in their businesses and also to help their husbands support their families.

In this group: Djeneba , Ami , Fanta Tidiani , Hawa

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Translated from French by Kiva volunteer Teresa Kramer



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