A loan of $500 helped a member to buy smoked fish and peanuts.

Kobekoun Group's story

The members of the KOBEKOUN group are married, are on average 43 years old and have 5 children. They live mostly in polygamous families in NOUGOUME, a village in the rural commune of Niena, Sikasso (third administrative region of Mali).

They are on their first joint loan with the microfinance institution SoroYiriwaso. Their goal is to be able to manage a business. These women are in the business of selling firewood, condiments, fabric, fish and peanut butter, as does S. T..

S. T. plans to buy 30 kg of smoked fish and five sacks of peanuts with her loan. She gets her supplies at the main market in Niena and from producers in neighboring villages.

The fish and the peanut butter are resold at the market in Nougoume and within the family to a clientele composed of men and women, for cash at retail.

She foresees making an average monthly profit of 50,000 FCFA which will be used to help cover daily family expenses. Her ambition is to increase her turnover in order to meet the demands of her clients.

In this group: Sali, Flaka, Chata, Chata, Chatou

Translated from French by Kiva volunteer Shannon Arnold

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Loan details