A loan of $625 helped a member to buy condiments.

Allakabo Group's story

The majority of the six members of the ALLAKABO group are married women who are, on average, 40 years old and also have an average of four children each. Most of these women live in monogamous families in Loulouni, a village located in the Sikasso region (third adminitrative region of Mali).

They are on their third loan with the microfinance institution Soro Yiriwaso, and they are taking this loan to meet the needs of their customers.

Fatoumata sells fruits, vegetables and condiments. In the photo, she is in the front row, first from the right.

She plans to use her loan to buy three packages of Maggi bouillon cubes, one basket of pepper, one basket of soumbala (a condiment prepared from néré seeds) and also some salt. She will resell her goods on a retail basis at the market and in Sikasso. Her customer base consists of men and women who pay her in cash.

Fatoumata is expecting to make an average monthly profit of 15,000 CFA francs, part of which will be used to repay her loan and the interest, while the extra money will be put into savings.

In this group: Fatoumata , Mariam , Moussa Mady, Fatoumata, Salimata , Fatoumata

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Translated from French by Kiva volunteer Sophie Narayan

Loan details

Lenders and lending teams

Loan details