A loan of $750 helped a member to buy 40 sacks of charcoal.

Soutoura Group's story

SOUTOURA is a group comprising seven women, who average 35 years of age and six children. They live in traditional families in MANA, a neighborhood in the city of OUELESSEBOUGOU (2nd administrative region of Mali).

They are seeking their first loan from Kiva's partner, the microfinance institution Soro Yiriwaso, in order to meet customer demand. The members of this group buy and sell charcoal and firewood, as does Assan T..

Assan T. intends to use her share of the loan to buy 40 sacks of charcoal. She gets her supplies from wholesalers in MANA and in the surrounding markets. She retails at the market in OUELESSEBOUGOU, in BAMAKO, and at her home, to a clientele comprising mostly women, for cash and on credit.

She foresees turning an average monthly profit of XOF 10'000 (ca US$ 20), to be used in part to help her husband with the daily expenses. The remainder will be reinvested in her business.

In this group: Assan, Awa, Awani, Rokia, Awa, Kadia, Fatoumata

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Translated from French by Kiva volunteer Patrick Stadelmann

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