A loan of $1,625 helped a member to buy rice, firewood and condiments.

Hakilitoyerela Group's story

The four members of the Hakilitoyerela group are mainly married women, averaging 40 years of age, with five children. They live mostly in polygamous families in Siekourani, a village in the Loulouni commune, Kadiolo district, the third administrative region of Mali.

They are on their 22nd loan with the Soro Yiriwaso microfinance, institution with the goal of meeting customer demand. All prior loans have been duly repaid.

Djatou, the first one seated on the right, is a member of the Hakilitoyerela group who cooks food for sale. She plans to use her loan to buy 200 kg [440 lbs] of rice, two loads of firewood and condiments (fresh tomatoes, cabbage, gourds onions, cucumbers, etc). She stocks up in Siekourani and in the nearby villages. She sells her cooked dishes by the paved road in Siekourani, every day and especially the days of the market, to a customer base composed of both men and women, for cash. She plans to earn an average monthly revenue of 90,000 West African Francs, a part of which will be used to pay off her loan with interest, and the other part for her savings. Her goal is to increase her sales volume and better meet customer demand.

In this group: Mariam B, Djatou, Minata, Fatoumata

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Translated from French by Kiva volunteer Katharina S

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