A loan of $1,225 helped a member to buy shoes.

Fokaben (L’Entente) Group's story

Fokaben is a group of married women from the Hamdallaye district of Koutialia town who know each other well and live in extended, traditional families. They are married, have an average age of 34, and have at least 3 children. The women in this group sell various items including clothing, shoes, beauty products and prepared food. The group members decided to join Soro Yiriwaso's loan program in order to increase the size of their businesses. This is their 10th group loan.

Fanta is the Fokaben group member sitting on the right in the picture. She plans to use her loan to buy several bags of shoes. She gets her merchandise at the Grand Market and sells it for cash, door-to-door or at the market, to a varied retail clientèle. While the other Fokaben group members expect to make an average monthly profit of 55 000 francs each during this sales cycle, Fanta expects to make 75 000 francs. She will use part of her income to pay off her loan, part of it on personal expenditures, and part of it will be used to increase her working capital.

In this group: Djeneba, Oumou , Fanta , Awa

Translated from French by Kiva volunteer

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Loan details