A loan of $1,225 helped a member to buy smoked and fried fish.


Fente Allabo Group's story

The FENTE ALLABO group is part of TENE’s FOTEMOGOBAN association. It consists of four women who know one another as neighbors and through ties of kinship. On average, they are 48 years old, married, with at least nine children. They lead different activities, including the sale of various goods and fruit juices. They live in large traditional families in TENE, in the prefecture of SAN (region of Ségou, Republic of Mali). They have been engaged in small business activities for several years and are in high demand. In order to meet their customers’ increasing needs, the group decided to join the Soro Yiriwaso micro-finance institution five years ago. They are currently on their ninth loan cycle. ASSA D., president of the group and well known in TENE, excels in the preparation and sale of fruit juices. She intends to use her loan to buy three bags of bissap, two bags of sugar and 50 kg of ginger, and spend 5,000 FCFA on accessories. She gets her stocks in SAN every Monday, and sells her juices in TENE and at the various weekly fairs through employees. She hopes to earn a monthly profit of 32,000 FCFA, which would allow her to repay the loan and reinvest in her business. The other group members are expecting a profit of 30,000 FCFA per month, which they will use to repay the loan and provide for their families.

In this group: Assa , Safoura , Niaye , Djeneba
*not pictured

Translated from French by Kiva volunteer



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