Funded

Total loan: $625
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Fasodeme Group

Mali
Sikasso, Mali / Retail

A loan of $625 helped a member buy soap.


Fasodeme Group's story

The six members of the Fasodeme group are married women who are on average 34 years old with three children. They live mostly in polygamous families in Ouayerma I, one of the working-class neighborhoods of the city of Sikasso.

They are on their first loan with the Soro Yiriwaso micro-finance institution, seeking to meet the needs of their customers. Adiara, the only woman sitting, is active as a soap trader in the Fasodeme group.

She intends to use the loan to buy a dozen cartons of soap (both beauty and traditional for clothes and dish-washing). She gets her supplies from wholesalers at the general market in Sikasso. She retails them for cash at the Ouayerma market, as an itinerant vendor and from her home to both women and men customers.

She expects average monthly profits to attain 17,500 FCFA, part of which will be used to pay off the loan and interest, and the rest put into savings. She aims to increase her turnover to better satisfy her customers.

In this group: Mariam , Monic , Sali, Adiara , Afou , Nassan
*not pictured

Translator profile picture

Translated from French by Kiva volunteer René McConnell



Loan details

Loan length:

8 months
Disbursed date: November 15, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 15, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children