A loan of $1,075 helped a member to buy "wax" cloth.


Wassa Group's story

The ten members of group Wassa are mainly married women who are on average 30 years old with three children. They live in monogamous families in the city of Sikasso.
In order to satisfy customer demand, they are on their first loan with micro-finance organization Soro Yiriwaso.
Wassa is in the trade of "Wax" and traditionally-woven cloth. She is sitting in the middle. With her loan, she is planning on purchasing 25 pieces of wax cloth from Bamako’s great market. She buys from wholesalers and retails at the great market in Sikasso and in family settings, to a clientele composed of men and women. She takes cash and sometimes offers credit with weekly or monthly payments.
She is counting on an average monthly benefit of 22,500 FCFA, part of which will be used to repay the loan and its interest, with the remainder going towards her savings.

In this group: Maîchata Wassa , Awa , Adiaratou , Sitan , Lala , Korotoumou , Abi , Natogoma , Djenebou , Sali

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Translated from French by Kiva volunteer Charlotte Buecheler



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Loan details