A loan of $1,550 helped a member to buy used clothing.

Dakan Group's story

The majority married in monogamous families, the seven women of the Dakan group are on average 36 years old with six children. They live in the Angoulême district of the city of Ségou (fourth administrative region of Mali). They are acquainted through marriage, kinship, and business associations at the Médine market in Ségou. The group's members do business in charcoal, firewood, clothing (new and used), rice, and bread.

In order to pay for supplies in cash, the group members joined Soro Yiriwaso; they are on their ninth group loan. The previous loans have been fully repaid.

Madame Fatoumata plans to use her loan to buy two bales of used clothing at the big market in Ségou. She resells door-to-door, as an itinerant vendor, and at a stall in the Médine market; her customers are both male and female, and she sells for cash and credit.

Madame Fatoumata hopes to make an average monthly profit of 29,000 CFA with this loan. This will be reinvested in the business and used for occasional household expenses. Her goal is to open a second-hand clothing shop.

In this group: Fatoumata, Awa, Mamou, Alimata, Albertine, Rosalie, Fatoumata

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Translated from French by Kiva volunteer Robin Clochard

Loan details

Lenders and lending teams

Loan details