A loan of $4,450 helped a member to pay for rice and palm oil and their transport.

Fatoumata's Group's story

This group was established on 2 December 2002 on the same day as the inauguration of the banc villageois. It is made up of women who are interested in working, and they have a lot of experience with the banc villageois system. They all come from the same village and engage in small-scale commerce.

Fatoumata (seated on the far right) is the featured borrower of the group. She is 69 years old, but despite her age she is very dynamic. She is also the representative of the banc villageois. She is married and a mother of eight children (five boys and three girls). She also takes care of eight of her nephews.

Fatoumata is a retailer, managing a shop in the village, where she sells rice, powdered milk, sugar, and other condiments. She has been doing this for more than ten years. With this loan she plans to buy three sacs of rice at 13,000 francs CFA a piece and three 20-liter drums of palm oil at 20,000 francs CFA each, plus pay the costs for transport which are 350 francs CFA per sac.

She will repeat this cycle as many times as possible during the month. Earnings from this business will allow her to save some and help her husband, who is very old, take care of the family as a whole. She also hopes to build [a house] this year.

In this group: Fatoumata, Ansata Souleymane, Oumou, Mariama, Kadiatou Doulla, Hadiango

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Translated from French by Kiva volunteer Lindsay Ferrara

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