A loan of $925 helped a member to buy charcoal.


Nafama Group's story

The Nafama group is made up of 6 married women and 3 single women. They have an average age of 30 and, on average, 2 children and live in extended, traditional families in the district of Hérémakono Centre, in Bougouni town. They got to know each other thanks to neighbourly and professional relationships, and friendships. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity so that they could better run their businesses and are on their 1st loan. The women in this group sell charcoal via Korotoumou, who is the woman sitting 3rd from the right in the picture. She plans to use her loan to buy 25 75-kilo bags from the farmers of the villages neighbouring Bougouni. She makes her sales at the market and door-to-door, for cash or credit to a retail clientèle composed essentially of women. She expects to make an average monthly profit of 30 000 francs, which will be reinvested in her business and used to repay the loan.

In this group: Korotoumou , Nene , Abibatou , Bintou , Assetou , Massayiri , Eatoumata, Rokia , Rokia

Translated from French by Kiva volunteer



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Loan details