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


Lafiabougou Ii Group's story

LAFIABOUGOU II 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 38 years of age. Married and having at least five children, they have businesses buying and selling fish, as does TATA, who is the first person standing from the right in the photo. They lives 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 and are now on their first solidarity loan. TATA is well-known in SELINGUE, and she excels at selling fish. She intends to use her loan to purchase 80 kg of large 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 120,000 francs CFA that will enable her to pay back the loan and to reinvest in her business.

In this group: Tata , Nana, Fatoumata, Fatoumata, Sitan , Korotoumou
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey



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