A loan of $1,025 helped a member buy cowpea seeds.

Sabougnouma Group's story

The ten members of the Sabougnouma group are for the most part married women who on average are 45 years old with six children. They live mostly in monogamous families in Tanakabougou, one of the villages in the district of Sikasso, 3rd administrative region of Mali.

They are in their first group loan with the Soro Yiriwaso micro-finance institution to meet the needs of their customers.

Ms. Afou, standing in the middle, trades in corn and cowpeas.

She intends to use the loan to buy about 500 kg of cowpea seeds from producing farmers, she will then resell for cash at retail prices at the market and in her family to a clientele composed of men and women.

She expects average monthly profits of 15,500 CFA francs, a portion of which is used to pay off the loan and its interest and the other for her savings..

In this group: Assetou, Aby, Afou, Aby, Mariam, Mariam, Salimata, Nahaza, Aichata, Aoua

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Translated from French by Kiva volunteer René McConnell

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