Funded

Total loan: $1,575
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Faïda Group

Mali
Ségou, Mali / Crafts

A loan of $1,575 helped a member purchase of raw materials for the preparation of incense.


Faïda Group's story

The ten members of the Faïda solidarity group are married women who live in monogamous families. They average 32 years of age and four children each. They all live in the Hamdallaye district of the Ségou region (fourth administrative region of Mali), and met through their income-generating activities at the Château market, in Ségou. They sell second-hand clothing, rice, soap, incense and vegetables (lettuce and tomatoes).

In order to expand their businesses, the group decided to join the Soro Yiriwaso micro-finance institution and are on their second group loan.

Mrs. Mamou T. enjoys a great reputation in the preparation and sale of incense, especially among new brides. She plans to use her loan to buy 1 kg of magnonkisseni grains, 3 bottles of Cologne, and 6 tubes of perfume. To make incense, she soaks the magnonkisseni in Cologne for at least a week, then adds the various perfumes. The incense is then poured into bottles to be sold. Mrs. T. gets her supplies at the Grand market of Ségou. She sells for cash and credit, from her home and at the Château market, to a clientele composed mostly of women.

With this loan, Mrs. T. hopes to earn an average monthly profit of 20,000 FCFA to be used for the needs of the household and for reinvestment in her business. Like the other group members, she aspires to become a wholesaler in the preparation and sale of incense through her collaboration with Soro Yiriwaso.

In this group: Mamou , Fatoumata , Kadiatou , Assetou , Haïda , Fatoumata , Mafi , Safiatou , Rokia , Bintou
*not pictured

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Loan details

Loan length:

8 months
Disbursed date: January 26, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 26, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children