A loan of $1,050 helped a member to buy smoked and fresh fish for resale.

Sy-Sikasso-01223 Group's story

The "Danaya" group is composed of 4 married women with an average age of 37 years and on average 3 children, who live in polygamous families in the town of Sikasso. This will be their twelfth loan from the Soro Yiriwaso microfinance institution and they are requesting it in order to be able to invest in their businesses so that they can satisfy customer demand. All their previous loans have been fully repaid. The 4 women are all active in different areas including food, clothing and the supply of various services.

Ami, wearing the navy blue dress, sells fish. She will use her part of the loan to buy 60 kgs of fish (25 kgs of fresh fish and 35 kgs of smoked fish). She gets her supplies in the Grand Market of Sikasso and, together with her family, resells them from a fixed location at the Hamdallaye market in Sikasso, for cash. She predicts an average monthly profit of 40 000 francs, some of which she will use to repay her loan, the rest of which she plans to save. She would like to increase her revenues so that she can re-invest in her business and increase her level of customer service.

In this group: Marietou, Oumou , Ami , Aminata

Translated from French by Kiva volunteer

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Loan details