A loan of $225 helped a member to purchase fruit & vegetables.

Fotemaban Group's story

The seven women of the group Fotemaban all live in polygamous families and average 36 years of age and three children each. All the women live in the village of Daoulabougou, in Région de Ségou (4th administrative region of the Republic of Mali). They know one another through ties of community, kinship, marriage, and their revenue-generating businesses in the village. They work in small-scale commerce involving fruit & vegetables, grains, and condiments.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 8th solidarity loan cycle.

Ms. Maïmouna (the third woman standing from the left in the photo) is a major vendor of fruit & vegetables in and around the village of Daoulabougou. She intends to use her loan to purchase a large amount of fruit & vegetables in order to meet customer demands. Sales are made to a mixed customer base paying cash and often on credit.

With this loan, Ms. Maïmouna hopes to make an average monthly profit of 5,500 francs CFA that will be used to meet sundry family needs.

In this group: Maïmouna , Nadjouma , Adiara , Sitan , Dinamba , Kadiatou , Djominé

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details