Funded

Total loan: $1,225
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Dembagnouma Group

Mali
Sido , Mali / Food Production/Sales

A loan of $1,225 helped a member to purchase food supplies for making and selling beignets.


Dembagnouma Group's story

The members of the group Dembagnouma average 35 years of age and six children each, all living in traditional families in the village of Sido, prefecture of Bougouni. The women know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to do better business, they joined the microfinance institution Soro Yiriwaso and are now on their eighth loan. This group of women does commerce in hair extensions and in the making and selling of beignets.

Chata, the only one seated in front in the photo, sells beignets made from millet. She intends to use her loan to purchase 8 sacks of millet from peasant producers and 2 containers of cooking oil from fair-goers when the weekly markets take place in Sido. She makes her beignets sales at the retail level at the market, from home, and by going door to door. She accepts cash or credit from a customer base composed of men and women.

She envisions making an average monthly profit of 65,000 francs CFA that will be used for: investing in her business, covering healthcare costs, and paying back the loan.

In this group: Chata , Yiridjo , Batoma , Fatoumata
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

7 months
Disbursed date: January 11, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: January 11, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children