A loan of $2,875 helped a member to obtain supplies of cereals - one tonne of millet and one half-tonne of maize - at the weekly markets in the neighbouring towns.


Tp Takku Ligueye Group's story

This group comprises four women who are very active in the local village loan fund, created in September 2007. They all come from the same area and have good relationships with each other. Their main activity is running small businesses.

Ms. Ramatoulaye (standing on the right with her right hand raised) is the star borrower - she is a 54-year-old married mother of six children (four sons and two daughters). She sells local cereals. She has run this business for more than 20 years. With this loan, she intends to obtain supplies of cereals - one tonne of millet and one half-ton of maize - from the weekly markets in the neighbouring towns. The breakdown is as follows: - For 10 kg of millet purchased at 1150 FCFA, the transportation and handling costs come to 300 FCFA, and she re-sells this amount for 1850 FCFA. - After subtracting various additional charges (stocking, plastic bags, etc.), she finds herself with a net profit of 350 FCFA per 10 kg.

The profits from her business will allow her to save money and support her husband in providing for the family's nutritional and educational needs.

In this group: Kadiatou, Ramatoulaye, Mareme, Mame Fatou Toure
*not pictured

Translated from French by Kiva volunteer



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Loan details