A loan of $600 helped a member to buy soap.

Nipagagnon 2 Group's story

The six members of the Nipagagnon 2 Group are married women who mostly live in traditional extended families. They have an average age of 39 and an average of 5 children each. They all live in the village of Kafono in the region of Ségou (4th administrative region of Mali) and they know one another through neighborhood ties, professional activities and kinship. They buy and sell condiments, soaps and sundries.
In order to satisfy the needs of their increasingly numerous and demanding clients, the members of the group decided to join the loan program of the microfinance instiution Soro Yiriwaso. This is their 1st group loan.
Madame GNEFILA (1st woman standing on the photo from left to right) excels in selling soap. She is much sought after in this activity.
She plans to use this loan to buy 10 bags of traditional kabakourouni soap and 3 bags of a different quality BT soap. She gets her supplies from Kimparana. She sells for cash, retail and credit to a mixed customer base.
With this loan, GNEFILA hopes to achieve an average monthly profit of 20,000 FCFA that she will use to reinvest in her business and help her husband in looking after the household needs.

In this group: Gnefila, Bintou, Fatouma, Kasitan, Rokia, Kadia S

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Translated from French by Kiva volunteer Stella Hodkin

Loan details

Lenders and lending teams

Loan details