A loan of $2,125 helped a member to buy 70 pagnes Wax (colorful African cloth).

Allakabo Group's story

The five members of Allakabo Group average 32 years of age and one child. They are married, and most live in monogamous households in Kanadjiguila (Mandé commune, in Kati Cercle).

They got to know each other through bonds of community and through their money-earning businesses at the Kanadjiguila market. They retail clothes, such as embroidery, pagnes Wax (colorful African cloth), and light clothes. They also sell cosmetics and run food-serving businesses.

In order to bolster their working capital, the members of the group decided to work with Soro Yiriwaso, from which they are seeking their second solidarity loan (group loan).

Mrs. Aïchata is the woman standing on the right in the photograph. She's a big seller of clothes (embroidery, pagnes Wax, light clothes). She intends to use her loan to buy 70 pieces of Wax pagnes wholesale at the Grand Market.

She retails in Kanadjiguila to a clientele comprising mainly women. With this loan, she intends to turn an average monthly profit of XOF 80'000, to be in part reinvested in her business, and in part used to cover the daily needs of her household.

In this group: Binta , Aïchata , Fatoumata , Fatoumata , Bintou

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Translated from French by Kiva volunteer Patrick Stadelmann

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