A loan of $4,875 helped a member to purchase hibiscus flowers for 6,000 CFA francs per sack, one sack of sugar for 30,000 CFA francs, and one 50kg sack of pain de singe [baobab fruit] for 5,000 CFA francs.


Magno Dioulacolon Group's story

The Magno Banc Villageois was established on December 14, 2010, on the occasion of the launch of the stated banc villageois [lending group]. It consists of 27 women who live in the same village. The women share an absolute solidarity, all of them taking part in small businesses.

Mrs. Diènabou (standing at the far right with her right hand raised) is the starring borrower. At 46 years old, she is married and the mother of five children, three of whom are girls. She sells ice, hibiscus juice, and pain de singe- [baobab fruit] based ice cream. She purchases these goods in the surrounding villages or during markets before modifying them for resale.

She buys these goods in waves, as follows: hibiscus flowers for 6,000 CFA francs per sack, a sack of sugar for 30,000 CFA francs, and a 50kg sack of pain de singe [baobab fruit] for 5,000 CFA francs.

In addition to helping her husband in the payment of the electricity bill, the profits that Mrs Diènabou recieves from her business will allow her to better help her children with their education.

In this group: Binta, Halimatou, Agna, Adama, Amsata, Goundo, Aminata Diola, Halimatou, Coumba, Tacko, Souna, Dieynabou, Hawa, Maimouna, Penda, Mariama, Tala, Oumou, Aminata Niamo, Adama, Moussou, Mariama Bobo, Assette, Magno Demba, Adama, Fatoumata , Habibatou
*not pictured

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Translated from French by Kiva volunteer Jessalyn Pinneo



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