A loan of $1,175 helped a member to purchase clothing.


Lafia Group's story

Of the four members of the Lafia group 3 are married women and one is a widow. The average age is 35 and they have four children each. The live in polygamous families in Kamalen Sirakoro, one of the villages of the Sikasso commune (the third administrative region of Mali).

They all work with the microfinance institution Soro Yiriwaso (Kiva Field Partner) in order to be able to meet the clients' demands. This is their third loan. The past loans have all been repaid in full. They sell various merchandise items, such as potatoes, aluminium cups, and clothing with Kadiatou Vieux T..

With this loan she will purchase 20 wraps and pieces of fabric. She carries out her purchases from wholesalers in the Sikasso market.

She sells her items in the Kamalen Sirakoro market and from her home. She finalizes her sales in cash and often in credit, selling to a clientele made up of both men and women.

She plans on seeing monthly earnings of 35.500 francs, a part of which will be put away into savings and part will be used to fill the family's needs. She will also reinvest some earnings back into the business. Her ambitions are to have greater capital funds to be able to meet her clients' demands. She also hopes to purchase wedding items for her eldest daughter’s marriage.

In this group: Ramata, Balakissa, Kadiatou Vieux , Ami
*not pictured

Translated from French by Kiva volunteer



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Loan details