A loan of $2,925 helped a member to buy rice, powdered milk and oil for resale..


Fatoumata's Group's story

This group was created on December 2, 2002, upon the inauguration of the local Banc Villageois. It consists of four women who are deeply devoted to the cult of work. They have extensive experience with the Banc Villageois system. They are all from the same village and their main activity is small trade.

Mrs. Fatoumata (sitting at the far right and shown inset) is the featured borrower for the group. She is a 68-year-old married mother of eleven children, five boys and six girls. She also looks after eight of her nephews. She has been selling rice, powdered milk, sugar and other condiments for over 10 years.

She will use this loan to buy three bags of rice for 14,000F Cfa and three 20-liter jugs of palm oil at 10,000F Cfa each, with transportation to be paid by the load at a cost of 250F Cfa per bag. This process is usually repeated as many times as possible during the month.

The profits earned through this activity will allow her to bolster her savings and to help her elderly husband with the household expenses.

In this group: Fatoumata , Souna, Oumou, Mariama
*not pictured

Translated from French by Kiva volunteer



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