A loan of $500 helped a member to purchase rice.

Faida Group's story

The group FAIDA comprises four married women and one unmarried. They average 23 years of age and two children each, and they live in traditional extended families in the Hérémakono Nord district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to operate their businesses better, they joined the microfinance institution Soro Yiriwaso and are now on their first loan.

This group of women does commerce in grains, as does LALA, who is the first women on the left in the photo. She buys and sells grains and intends to use her loan to purchase 500 kg of rice from peasant producers of Bougouni. Accepting cash or credit, she makes her sales retail at the market and at home to a customer base composed essentially of women. She envisions making an average monthly profit of 15,000 francs CFA that will be reinvested in her work and used to repay the loan.

In this group: Lala , Fatoumata , Fanta , Fatoumata A . , Rokia

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details