A loan of $1,800 helped a member purchase spaghetti.

Yèrèdon Group's story

Married into mostly monogamous families, the nine women who form the Yèrèdon group are, on average, 39 years old and have four children. They all live in the village of Massala in the region of Ségou (4th largest region in Mali) and know each other from family and community links, as well as through their business activities in the neighborhood. The members work together to sell spaghetti, local juices and peanuts. In order to increase their commercial activity, the group have become members of the microfinance institution Soro Yiriwaso and are asking for their second loan. Mrs. Maimouna (seen in the photo as woman sitting down all the way to the left) has a strong reputation for selling food pastas in the village and surrounding areas. She plans to use the loan to purchase 10 bags of spaghetti from a bulk market in Ségou. She re-sells the products both through credit and cash from home to home, at the local markets in her village and the surrounding villages to a customer base mostly comprised of women. She hopes to have a monthly profit of 45,000 FCFA [approximately 80 USD] which she will reinvest in her business and take care of the needs of her children. She hopes to become a bulk seller herself of these products with this help from Soro Yiriwaso.

In this group: Maimouna , Adjarata , Sitan , Mayama , N’Da , Aminata , Bintou , Sadio , Mah

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Translated from French by Kiva volunteer Chloé Tuot

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