A loan of $650 helped a member purchasing various items.

Yankadi Group's story

The members of the YANKADI Group are married women who are on average 38 years old and have four children each. They live with their spouses and children in nuclear family households in Sido, a prefecture of Bougouni (the third administrative region of the Republic of Mali). They met each other through kinship ties, business and as neighbors.

Concerned about satisfying their clients and expanding the size of their business, they decided to join a loan program with the micofinance institution Soro Yiriwaso for the first time.

They intend to use their loan in order to run small restaurants and sell spices; Chata K. will use it to sell various small items. With this loan, Chata K., the president of the Group, intends to purchase five bedsheets from Burkina Faso and five pairs of thermos mugs. She stocks-up in Bamako from wholesalers and carries out her individual sales from her home, at the market, and walking throughout the village for cash or credit to a clientele of women and men.

With this loan they hope to earn monthly profits of 15,000 FCFA, of which part will be reinvested in the business and the other portion will be used to cover medical expenses for their families.

In this group: Chata, Malado, Sogoloba, Ami, Chata, Assa

Translated from French by Kiva volunteer Carolyn McMahon

Loan details

Lenders and lending teams

Loan details