Funded

Total loan: $725
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Fasso Kanou Group

Mali
N'Golofanasso, Mali / Food Production/Sales

A loan of $725 helped a member to purchase néré seeds for making 'sounbala'.


Fasso Kanou Group's story

All married in traditional extended families, the seven women of the group Fasso Kanou average 45 years of age and five children each. The women all live in the village of N’golofanasso, in Region de Ségou (4th administrative region of the Republic of Mali), and they know one another through ties of community, marriage, and kinship. They have small-scale businesses selling 'sounbala' (a condiment used in cooking) and a variety of goods.

With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their first solidarity loan.

Ms. SARAN (second persons standing from the right and wearing a green Wax outfit) is very well known for her business selling 'sounbala' in the village. She intends to use her loan to purchase 120 kg of néré seeds from retailers of harvested products, in SAN. After purchasing her merchandise, she processes the néré seeds into 'soubala' in about five days. Accepting cash, she makes her sales retail to a customer base composed of men and women at the big market in SAN and out of her home in the village.

With this loan, Ms. SARAN hopes to make an average monthly profit of 17,500 francs CFA that will be used to invest in the business and to meet household needs.

In this group: Saran , Fatoumata , Mariam , Nana , Rokia , Awa , Elisath
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

7 months
Disbursed date: February 12, 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: February 12, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children