A loan of $800 helped a member to buy cosmetic products.

Hakiligouma Group's story

Members of the HAKILIGOUMA group are married women who are on average 32 years old and have three children each. They live in traditional extended families with their husbands, brothers, sisters, co-wives and children. They are residents of the village of Sido, located in the Bougouni prefecture (third administrative district of Mali). In order to increase their financial resources and to diversify their activities, they have joined the microfinance institution Soro Yiriwaso and are requesting their third loan. Their two previous loans were well repaid. Members of the group are involved in the sale of vegetables, grains and beauty products. Fatoumata, the group's facilitator, is on the far right in the photo. With this loan, she plans to buy 50 tubes of ointment, 100 packs of hair extensions and many other cosmetic products (nail polish, lotion, deodorant). She buys her goods from wholesalers at the Grand Marché in Bamako. She sells them for retail from home and at the Grand Marché in Sido, to male and female customers who pay her cash or on credit. She is expecting average monthly profits to reach 35,000 CFA francs, part of which will be used to pay for her children's education and healthcare, while the rest will be invested in her activities.

In this group: Fatoumata , Fatoumata , Fanta , Bane

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Translated from French by Kiva volunteer Sophie Narayan

Loan details

Lenders and lending teams

Loan details