Funded

Total loan: $825
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Ankadjidja (Let's Redouble Our Efforts) Group

Mali
Sikasso, Mali / Retail

A loan of $825 helped a member purchase of various merchandise.


Ankadjidja (Let's Redouble Our Efforts) Group's story

The group Ankadjidia is composed of married women living in general in polygamous households with an average age of 49, 4 children, and residing in the village of Farakala, Sous-Prefecture of Nièna of Sikasso (third economic region of the Republic of Mali).

These women sell sweet potatoes, potatoes, yams, condiments and various other items. United by ties of family and marriage, the women of this group decided to become members of the credit program of the micro-finance institution Soro Yiriwaso, with whom they are on their second group loan, the former having been reimbursed without difficulty.

They expect to buy with this loan: 3 dozen cups, 50 kg of sugar, 100 kg of hot peppers, 100 kg of onions, 4 baskets of soumbala (a condiment made from tree leaves), 25 kg of salt and 20 envelopes of other products. Whereas the cups are purchased in the big open-air market of Sikasso from wholesalers who handle that sort of merchandise, the other articles are bought right where they live, in the market of Farakala and in the surrounding villages. Then they sell these articles in the village, either out of their homes or door-to-door and in the weekly markets of Farakala and the surrounding villages. The sales are mostly for cash and occasionally for credit. Their clientele is essentially made up of women.

They hope to make a monthly profit of 15,000 FCFA, which will be used to make payments on the loan with the remainder invested in their businesses. Each of these women hopes to diversify her business and specialize in order to become a wholesaler.

In this group: Kamoko Kimbankoi, Koniba, Tintio, Awa Fousseny, Tene
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Teresa Kramer



Loan details

Loan length:

8 months
Disbursed date: October 16, 2008
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: October 16, 2008
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children