A loan of $625 helped a member to purchase fresh tomatoes.

Labanko Group's story

The group Labanko comprises six women who are married for the most part in polygamous families. The women average 42 years of age and four children each. They all live in the village of Yassalam, in Région de Ségou (4th administrative region of the Republic of Mali), and they know one another through ties of kinship. They have small-scale businesses selling condiments (eggplants, tomatoes, salt, cucumbers, baobab leaves, and edible plants…), plastic utensils, and firewood.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 11th solidarity loan cycle.

Ms. Bâh (first woman seated from the left in the photo) is know in the village of Yassalam for selling condiments of all sorts. She intends to use her loan to purchase 30 basins of fresh tomatoes. She resupplies herself with tomatoes from market gardeners at the big market in Ségou. Sale are made in cash or credit transactions out of her home and by going door to door in the neighboring villages. Her customer base is composed mostly of women.

Ms. Bâh plans on making an average monthly profit of 20,000 francs CFA with this loan. The profits will be used for reinvestment in the business and ensuring the children's care.

In this group: Kadia , Bâh , Aminata , Bakou , Djeneba , Kadia Bagni

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

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Loan details