A loan of $3,075 helped a member to buy a bag of onions for 15,000 Francs CFA, sugar for 20,000 Francs CFA, a carton of green tea for 7,500 Francs CFA, and 5 liters of palm oil.


Fatou's Group's story

Created on September 18, 2013, during the inauguration of the public square of the village, this Banc Villageois is made up of women who are determined to undertake income-generating activities and strengthen their financial standing. They have been living in the same village for several decades and maintain relations of solidarity and mutual aid. They run small businesses as merchants.
 
Fatou, aged 46 (shown in the photo sitting second from the right), is the featured borrower of the group. She is married and is the mother of two girls and one boy. She is planning to invest her loan into her business selling fresh vegetables that she will buy from the producers in the local villages. She will then sell her wares at the weekly markets and at the community market. She intends to renew her stock every 15 days .

With her new loan, she wants to buy a bag of onions for 15,000 Francs CFA, sugar for 20,000 Francs CFA, a carton of green tea for 7,500 Francs CFA, and 5 liters of palm oil. She will use the income she earns to contribute to her savings, and to help her husband with the household expenses by paying her children's school fees.

In this group: Fatou, Penda, Maimouna, Seynabou, Fatou, Aissatou, Fatou, Anta, Awa, Khady, Sene, Rocky, Mbolo, Khady, Diougal, Fatou, Fatou, Fantou Kansy, Maguette, Fatou Oumar, Mariama Madou, Fatou Sadio, Fatou Lansana, Khady Aly, Seynabou Amadou, Aissatou, Djombou, Fatou, Coumba, Fatou

Translated from French by Kiva volunteer Jane Coe



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