A loan of $775 helped a member to buy fodder.


Siminya Group's story

The five women who make up the Siminya group are all married and live mainly in monogamous families. They have an average age of 37 and an average of four children each. They live in Darsalam neighborhood, in the town of Ségou (the fourth administrative region of Mali). They know each other through neighborhood ties and through their business activities in the Médine market in Ségou. The members of this group are small businesswomen who sell seasonings (tomatoes, onions, dried okra), cereals, children's clothing and fodder.

With the aim of increasing their working capital, the members of this group decided to join Soro Yiriwaso and this is their third group loan. Madame Dado (the lady who is standing on the far right of the photo) sells different types of fodder (bales of cowpeas, groundnuts and bourgou grass) in Darsalam. She plans to use her loan to buy 750 bales of cowpeas from farmers in neighboring villages. She will resell her goods for cash and on credit. She will sell from home and also at the roadside in Ségou. She sells to a largely male customer base. Madame Dado plans to make an average monthly profit of 25,000 FCFA with this loan. She will re-invest this money in her business and also cover her household needs as regards her children's schooling and healthcare. In common with the other women in her group, Madame Dado's plan is to buy a plot of land on which to build a house through this partnership with Soro Yiriwaso.

In this group: Dado , Fanta , Aminata , Aminata , Bary

Translated from French by Kiva volunteer Linda Oxnard



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