A loan of $1,000 helped a member to purchase cereals.

Lolo Group's story

LOLO is a group from the BENKADI association from Baturu. It comprises five women who know one another through family and neighbourhood links. They have an average age of 35. Married with on average four children, they conduct various business, such as the trading of rice and cereals in the case of Maimouna, who is seated on the right in the photo.
They live in large, traditional families in Baturu, which is in the district of Yanfolila (an area of Sikasso, in the Republic of Mali). They have been in business for several years and are in great demand in their business areas.
With a view to meeting the growing needs of their customers, the group members decided to join the Soro Yiriwaso credit program five years ago. They are now on their seventh mutual loan.
Maimouna, who is the group leader and very well known in Kangare, excels at selling rice and cereals. She plans to use her loan to purchase five sacks of rice and three sacks of sorghum. She buys her supplies in Dalabala as well as locally from wholesalers, and she sells in both Dalabala and Kangare - retail - for both cash and credit, to a customer base of both men and women.
She is hoping for a monthly profit of 25,000 FCFA which will allow her to repay the loan and to invest in her business.

In this group: Maimouna, Ami, Sabou, Sata, Sitan

Translated from French by Kiva volunteer Alistair Assheton

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Loan details