A loan of $1,025 helped a member to purchase basic products to make incense.

Eléphant Group's story

The five women of the Elephant group are all married mostly in polygamist families. They are on average 31 years old and have on average three children. They live in the Darsalam area of Segou (fourth administrative region of Mali)

They met each other through neighborhood ties, kinship, and through their income generating activities at the Medine Segou Market. The group members sell women’s clothing, used clothing (yougou yougou), cosmetic products (incense) and children clothing.

The group members joined Soro Yiriwaso in order to increase their working capital to be able to make their purchases in cash. This is their fourth group loan.

Mrs. Korotimi (the woman in the middle of the photo) is known in Darsalam for the sale of her quality incense especially during wedding seasons. She is planning on using her loan to buy 1 kg of magnonkissèni, six tubes of quality perfume and a box of eau de Cologne. To make incense the magnonkissèni is soaked in “eau de Cologne” for at least a week then it is scented with perfume. Thesales are made in cash or on credit from home or at the Medine market or as an itinerant saleswoman in the town of Segou. She sells to customers who are generally women.

With this loan, Mrs. Korotomi hopes to make a monthly average profit of 25, 000 Francs CFA. She will use it to meet the needs of the family and provide for the children’s health expenses. Like all the other members of the group, her goal is to reinvest her savings in her small business in order to perpetuate it.

In this group: Korotimi , Mariam , Yama , Korotimi , Bintou
*not pictured

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Translated from French by Kiva volunteer Veronique Fourment

Loan details

Lenders and lending teams

Loan details