A loan of $425 helped a member to purchase soap.

Tiessiri Group's story

The members of the group Tièssiri average 33 years of age and four children each, all living in traditional families in the Heremakono Nord district of Bougouni City. 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 first loan. This group of women does commerce in cosmetics, charcoal, soaps, and a variety of goods.

Ramatou, the only one seated in front in the photo, buys and sells soaps and a variety of goods. She intends to use her loan to purchase 5 sacks of traditional soaps and 5 boxes of modern soaps from wholesalers in Bougouni City and in Bamako. She makes her sales retail at the market and from home. She accepts cash or credit from a customer base composed of men and women.

She envisions making an average monthly profit of 22,000 francs CFA that will be used for: investing in her business, covering healthcare costs, and paying back the loan.

In this group: Ramatou , Aminata , Sitan , Modièré

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Translated from French by Kiva volunteer Daniel Kuey

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Loan details