A loan of $2,375 helped a member to buy damasks and "pagnes Wax" (colorful African cloth).


Dembagnouma Group's story

Dembagnouma Group is made up of six married women, who average 34 years of age and 4 children. Most of them live in monogamous families in Sanoubougou, a working-class neighborhood in Sikasso.

They are seeking their sixth loan from Kiva's partner, the microfinance institution Soro Yiriwaso, in order to meet customer demand. Previous loans were repaid without problems.

Mrs. Mamou is a member of this group. She's the one standing in the middle in the photograph. She intends to buy 20 pieces of rich damask, 5 pieces of "pagne Wax" (colorful African cloth), and 5 pieces of medium-rich damask at the Grand Market in Bamako.

She resells her products for cash at a fixed spot at the Grand Market in Sikasso, as well as at her home, to a clientele comprising mostly women.

She intends to turn an average monthly profit of XOF 50'000 (ca US$ 96), to be used in part to repay the loan and its interests, and in part to increase her savings.

In this group: Mamou , Adiarra , Bintou , Aminata , Awa , Sali
*not pictured

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Translated from French by Kiva volunteer Patrick Stadelmann



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