A loan of $825 helped a member buying a variety of items.

Ladiri (Loyalty) Group's story

Ladiri is a group of women from the Hamdallaye district of Koutiala who live in large traditional families with their husbands, children, and other parents.  The group members average 43 years of age and are mothers of at least five children.  They do commerce in a variety of goods, such as firewood, clothing, and food. To increase the size of their businesses, the group members decided to join the loan program at the micro-finance institution Soro Yiriwaso.  

Saran Touré, who is the president of the group Kotognontala, sells firewood and various goods, such as candies, cookies, croquettes, peanuts, chocolate, etc.  She plans on using her loan to buy a few cart loads of firewood from producers and also some food items, which will be purchased at the end point in Koutiala.  She acquires firewood in the villages, such as Beleso, Sanga, and Welengana.  Her stock of firewood, which is very substantial, is warehoused in a place at the concession.  She sells the wood retail and for cash at the house to a customer base composed exclusively of housekeepers.  The food items are sold at a spot adjacent to the private school Komi Diossé during recess.

While the group members each plan on making an average profit of 60,000 francs CFA over the course of the cycle, Saran Touré plans on making 70,000 francs.  In addition to repaying the loans, they plan on using a part of the revenues for coping with common family expenses.

In this group: Saran, Sitan, Jeanne, Massan, Minata, Fanta, Fatoumata, Kadia

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Translated from French by Kiva volunteer Daniel Kuey

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