A loan of $425 helped a member to purchase used clothing.


Laidou Group's story

This group LAIDOU is composed of four women, all married, who average 38 years of age and 5 children each. The women live in traditional extended families with their husband, co-wives, brothers, and sons in the MEDINE district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity for operating their businesses better, they joined the microfinance institution Soro Yiriwaso and are now on their fourth loan. The three previous loans were correctly repaid.

This group of women does commerce in clothing through SALI, who is the second woman standing from the right in the photo. She intends to use her loan to purchase 2 packages of secondhand clothing from Bamako. Accepting cash or credit at the market and at home, she makes her sales to a customer base composed essentially of women. She envisions making an average monthly profit of 20,000 francs CFA that will be invested in her business and to pay back the loan.

In this group: Bintou, Mariam, Djeneba, Sali

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Translated from French by Kiva volunteer Daniel Kuey



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