A loan of $2,475 helped a member to purchase rice.


Sinignessigui Group's story

Most of them married in traditional families and averaging 45 years of age and six children each, the seven women of the group SINIGNESSIGUI all live in the Bougoula Hameau district in Sikasso City (3rd administrative region of the Republic of Mali). The women know one another through ties of kinship and community and through their professional work. They buy and sell soap and rice, and they make and sell 'soumbala' (fermented seeds or beans used in cooking).

With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their 11th solidarity loan cycle.

Ms. MADOUSSOU, who is standing second from the left in the photo, intends to use her loan to purchase 5 sacks of rice. She gets her supplies locally in Bougoula and then makes her sales to men and women customers.

With this loan, Ms. MADOUSSOU plans making an average monthly profit of 40,000 francs CFA that will be used for reinvesting in her business and meeting certain household needs.

In this group: Maimouna, Madoussou, Kadi, Djenebou M, Tene, Aminata, Anchata

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Translated from French by Kiva volunteer Daniel Kuey



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