A loan of $1,025 helped a member to buy ingredients for preparing fried fish.

Allakandeme Group's story

Allakademe is a group of five women who are, on average, 44 years old and have six children. They all live in traditional families in Bounounkobougou, one of the districts of the city of Yanfolila (the third administrative region of Mali).
They have taken out their eighth joint loan with the microfinance institution Soro Yiriwaso in order to meet the demand of their customers. Along with Noumousso, these women are in the business of selling fried fish and cereals, and food service.
Noumousso, with a fish and a frying pan in her hand, plans to buy 100 kg. of flour, 20 kg. of fish, and 30 liters of oil with her loan. She gets her supplies at the main market in Yanfolila from wholesalers. She makes her sales at the market in Yanfolila and from home to a clientele composed mainly of women and children, at retail, for cash and on credit, payable daily or weekly.
She foresees making an average monthly profit of 32,000 FCFA. A part of this will be used to assist her husband with daily expenses and the rest will be reinvested in her business.

In this group: Noumousso, Mamine, Mah, Balakissa, Sitan

Translated from French by Kiva volunteer Shannon Arnold

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