A loan of $1,425 helped a member to buy condiments.


Gnemogognouma. Group's story

The seven members of the GNEMOGOGNOUMA group are essentially married women who have an average age of 39; an average of 3 children; and who, for the most part, live in monogamous families in FAMA, a working-class neighborhood in the city of Sikasso.

This is the group’s tenth loan with the Soro Yiriwaso microfinance institution that they'll use to satisfy the needs of their customers.

DIARA, seated, with her hand in the basket, has been selling condiments in the GNEMOGOGNOUMA women’s group for 2 years. She benefits from a lot of notoriety in this domain.

With this loan, she plans on buying: 2 baskets of fresh tomatoes, 3 boxes of tomato puree, one 25kg bag of rock salt, and 3 bags of pepper.

She buys her supplies in the grand market of Sikasso on market days, and resells her products in the market and out of her home. She sells her products for cash by the unit and at retail to a clientele of men and women.

She plans on earning an average monthly profit of 22,500 FCFA - some of which will be used to pay her loan and its interest, and the rest of which will be used for savings.

In this group: Korotoumou , Diara , Sarata , Fanta , Fatoumata , Habi , Diara

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Translated from French by Kiva volunteer Alexandra Kenin



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