A loan of $775 helped a member to purchase peanuts.

Laidou Group's story

Laidou is a group of 5 women members who are 38 years old on average. They are married and they have at least 5 children each. They carry out various business activities, such as the sale of peanuts. The live in large traditional families in Tene, in the quarter of San (Region of Segou, in the Republic of Mali).

The business of the women of the Laidou group is highly solicited. They are known through family and as neighbors.

With the goal of meeting the demands of their growing clientele, they came together 2 years ago as a group to request a loan from Soro Yiriwaso. They are on their third loan cycle as a group.

Badjui M. plans on investing her loan in the purchase of 3 tons of peanuts in the small villages in Tene from the producers, especially at this time when it is the harvest season and the prices are affordable. She resells in Tene and in several country fairs, completing her sales in credit and cash. Her client base is the general consumer.

She expects to earn a monthly income of 21000 FCFA and it will allow her to repay the loan and to reinvest back into her business.

In this group: Hawa , Fatoumata , Minata , Badji , Fatoumata

Translated from French by Kiva volunteer

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Loan details