A loan of $675 helped a member to purchase grains.

Faïda Group's story

The FAÏDA group is made up of six married women who are an average of 32 years old, have three children, and live in large extended families with their brothers, sisters, co-wives, children and husbands. These women live in the Village of Dioutiebougou, a prefecture of Bougouni, the third administrative region of the Rupublic of Mali. The women know each other as neighbors and through kinship ties.

To better manage their businesses, they decided to join the microfinance institution of Soro Yiriwaso in order to purchase and sell grains. They are on their sixth group loan, and all five of their previous loans were fully reimbursed. With this loan, Chata C. intends to purchase one ton of millet, 400kg of fonio, and 600kg of maize from the suppliers in Dioutiebougou and its surroundings. These goods will be resold to wholesalers in the market of Bougouni in smaller quantities for cash to a clientele made up of men and women. With this loan, the women hope to make a monthly profit of 17,500 FCFA which will be used in their businesses.

In this group: Ramata , Djinindjin , Fatoumata , Chata , Djinin , Mariam

Translated from French by Kiva volunteer Carolyn McMahon

Loan details

Lenders and lending teams

Loan details