A loan of $400 helped a member to purchase grains.

Faida Group's story

FAIDA is a group from the association BENKAN de OUELESSEBOUGOU. It comprises four women who know one another through ties of kinship and community. Their average age is 25. They are married, have three children on average, and operate different businesses, such as buying and selling condiments and grains, as does MALADON, who is standing at the left in the photo. The women live in large traditional families in OUELESSEBOUGOU, in the prefecture of Kati (Region of Koulikoro, Republic of Mali). They have been working in small-scale commerce for several years and are much in demand in their businesses.

Concerned about meeting the growing need of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso a year ago. They are now on their second solidarity loan.

MALADON, who is the group's president and well-known in OUELESSEBOUGOU, excels in selling grains. She intends to use her loan to purchase 3 sacks of millet, 2 sacks of corn, and a sack of peanuts. She gets her supplies in and around OUELESSEBOUGOU. Accepting cash or credit, she sells her grains retail in OUELESSEBOUGOU to a customer base composed of men and women.

She is hoping for a monthly profit of 20,000 francs CFA, which will enable her to repay the loan and to reinvest in her business.

In this group: Maladon , Awa , Minata, Kadia

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details