A loan of $1,050 helped a member purchase of various goods.


Fotemogoban (La Grandeur Humaine Dépasse Tous Les Qualificatifs) Group's story

The group Fotemogoban is composed of (5) women all married, who have an average age of 40, and on average 3 children. They live in large traditional extended families in the neighborhood of Banconi in Sikasso (third administrative region of the Republic of Mali).

United by ties of neighborhood and kinship, they run activities related to the purchase and sale of firewood, peanut butter, and condiments.

The group is on their sixth solidarity loan (group loan). All the previous loans have been fully reimbursed. With this loan they hope to buy 10 bags of peanuts, 18 cartloads of firewood, and an important stock of condiments such as eggplants, shallots, spices etc.

They roast the peanuts and then take them to the mill to make peanut butter. They usually get their supplies from farmer producers who attend the weekly market of Sikasso. They sell retail for cash and often on credit at the daily market in their neighborhood. The customers are mostly women (homemakers and restaurant owners).

They hope to each make a profit of 17,500 FCFA per month, which they will use to repay their loan and to contribute to the families' daily expenses. In the future their ambition is to open a store in order to be wholesale sellers of peanut butter.

In this group: Magna Kadiatou, Minata, Kadiatou, Maïmouna, Sali
*not pictured

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Translated from French by Kiva volunteer Veronique Fourment



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