A loan of $500 helped a member to purchase condiments.

Badegna Group's story

Badegna is a group of five women who know one another through ties of kinship and community. Their average age is 42. They are married, have five children, and operate different businesses, such as buying and selling condiments, as does Diakoro, and food catering. Diakoro is the person standing at the middle in the photo. The women live in large traditional families in Fanikodjalan, sub-prefecture of Ouelessebougou (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 needs of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso. They are on their first solidarity loan.

Diakoro, who is the group's president and well-known in Fanikodjalan, excels in selling condiments. She intends to use her loan to purchase different kinds of condiments (black pepper, tomatoes, onions, cabbage, and eggplant). She gets her supplies in Ouelessebougou from wholesalers. Accepting cash or credit, she sells her grains retail in Fanikodjalan 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: Diakoro , Mariam, Minata, Safoura, Sanaba

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Translated from French by Kiva volunteer Daniel Kuey

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