A loan of $700 helped a member buy mugs.


Siguidia Group's story

Predominantly married in traditional families with an average age of 40 and five children, the seven women in the Siguidia group all live in the city of Sikasso (third administrative region of Mali) and became acquainted through family ties, as neighbors and through their professional activities.

They sell clothes, mugs, potatoes, fruits and vegetables, grain cereals and manufacture incense for sale. In order to increase their working capital, the group members joined Soro Yiriwaso and are on their first credit loan cycle.

Mrs. Fatoumata, sitting in the middle, plans to use her loan to purchase two dozen mugs. She buys locally from Sikasso wholesalers and conducts her sales as an itinerant vendor and from home, to both men and women customers.

Mrs. Fatoumata expects this loan will enable her to achieve average monthly profits of 20,000 FCFA, to be reinvested in the business and to take on some of the household needs.

In this group: Kadiatou , Fatoumata , Djata , Oumou , Nafissatou , Sita , Kadia Seydou
*not pictured

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Translated from French by Kiva volunteer René McConnell



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Loan details