A loan of $975 helped a member to buy condiments.

Allakan Soutra Group's story

The four members of the ALLAKAN SOUTRA group are married women who are on average 34 years old and have three children each. Most of them live in polygamous families in Million Kin, one of the working-class neighborhoods of the town of Loulouni. In order to meet their customers' needs, the members of the group are requesting a third loan from the Soro Yiriwaso micro-finance institution. Previous loans were properly repaid. Mariam, the first woman from the right in the photo, sells condiments. She is quite well-known in her field and is a very popular seller. She plans to use this loan to buy 25 kilos of rock salt, 2 boxes of Maggi cubes, one twenty-liter container and 3 packets of garlic. She buys her supplies in Sikasso and in Loulouni on market days. She sells her merchandise for retail to her family and at the Loulouni market, on market days. Her customers are mostly women who pay her in cash, often on credit. Mariam is expecting average monthly profits to reach 31,250 CFA francs, part of which will be used to pay off her loan and the interests, while the rest will go into savings.

In this group: Mariam, N’Gna, Korotoumou, Salimata

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Translated from French by Kiva volunteer Sophie Narayan

Loan details

Lenders and lending teams

Loan details