A loan of $700 helped a member to purchase secondhand clothing to sell.


Lafia Group's story

The group Lafia comprises seven women who are married for the most part and monogamous. The women average 34 years of age and three children each. They all live in Segou City (4th administrative region of the Republic of Mali) and know one another through ties of community, kinship, and their revenue-generating businesses. They have small-scale businesses involving clothing, secondhand clothing, fish, and peanuts.

With the goal of consolidating their small businesses, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their first solidarity loan cycle.

Ms. Fatoumata (second women standing from the left in the photo) is a major vendor of clothing of all sorts. She gets her supplies from a supplier in Bamako. She intends to use her loan to purchase a bale of secondhand clothing. Sales are made in cash or on credit in Segou City, locally, and by going door to door. Her customer base is composed of men and women.

Ms. Fatoumata plans on making an average monthly profit of 25,000 francs CFA that will be reinvested in her business and used to ensure her children's care.

In this group: Doma Dite Bah , Fadi , Fatoumata , Fatoumata Tayini , Fatoumata , Madeleine , Aminata

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Translated from French by Kiva volunteer Daniel Kuey



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