A loan of $2,125 helped a member to stock up on dried fish, palm oil, and groundnut paste.


Ansatou Djite's Group's story

This group is made up of women who are very active in the village bank that was created in December 2010. The women who are at the heart of the group all come from the same neighbourhood and they get on well with each other and share a good solidarity. Their main activity is small business. Mrs. Ansatou (sitting on the right) is the star borrower of the group. She is 35 and is married with three children (one boy and two girls.) This woman has made noteworthy progress since she joined the village bank system and her capacity to finance her business has progressed well. In addition to her activity at the market, she buys dried fish in the coastal area to the south of the country by the basketful. With this loan she plans to stock up on dried fish, palm oil, and groundnut paste. For four baskets of dried fish at 60 000 F Cfa, that she resells retail at a price that varies between 200 and 1000 F Cfa For 2 cans of 20 litres of palm oil at 30 000 F Cfa that she resells in sachets at 100 or 200 FCfa and bottles of one litre for 1'000 FCfa. For two buckets of 20 litres of groundnut paste at 26 000 F Cfa resold for 100 to 500 F Cfa. per sachet. The profits from her activity enable her to help her husband to assume the daily management of the household and to increase her savings.

In this group: Ansatou Djite, Fatoumata, Sona
*not pictured

Translated from French by Kiva volunteer



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