A loan of $1,200 helped a member to purchase fish.

Lafiabougou Group's story

LAFIABOUGOU I is a group from the association JIGUIYA CARRIERE de SELINGUE. It comprises six women who know one another through ties of kinship and community. The women average 45 years of age. Married and having at least six children, they have businesses buying and selling fish, as does TATA, who is the first person seated on the left in the photo. They live in large traditional extended families in CARRIERE, in Préfecture de SELINGUE (Région de SIKASSO, Republic of Mali). They have had small-scale businesses for several years and are much in demand for their work.

Concerned about satisfying the growing needs of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso eight years ago and are now on their 11th solidarity loan.

TATA, who is the group's president, is well-known in SELINGUE, and she excels at selling fish. She intends to use her loan to purchase 100 kg of fish. She gets her supplies locally from fisherfolk and sells her fish retail for cash in SELINGUE. Her customer base is composed of men and women.

She is hoping for a monthly profit of 110,000 francs CFA that will enable her to pay back the loan and to reinvest in her business.

In this group: Tata, Mawa, Fanta , Dickel, Maya , Fata
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey

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