A loan of $2,550 helped a member to purchase the ingredients for making incense.

Laïdou Group's story

The group Laïdou is composed only of monogamous women, who average 41 years of age and three children each. They all live in the Badialan district of Bamako, and they know one another through community ties. The group members work in small-scale commerce involving incense and clothing.

With the goal of building up their inventory, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their third solidarity loan cycle.

Ms. Fanta (the woman in the red scarf) has a great reputation selling the best quality incense. She intends to use her loan to purchase 3 boxes of eau de cologne, 5 kg of magnonkissèni [a type of nut or seed], and 6 bottles of quality perfumes, at the big market of Bamako.

To make incense, the magnonkissèni is immersed in eau de cologne for at least two weeks. Then it is seasoned with perfumes. This product is obtained in this way with impeccable scents. It is ready for retail sales by going door to door. The customer base is composed mostly of women paying with cash or credit in Ouolofobougou.

With this loan, Ms. Fanta hopes to make an average monthly profit 80,000 francs CFA that will be used to reinvest in her business. Her goal is to purchase a plot of residential land with this relationship with Soro Yiriwaso.

In this group: Fanta, Oumou, Aminata, Ami, Assétou, Aby

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Translated from French by Kiva volunteer Daniel Kuey

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