A loan of $525 helped a member to buy firewood.


Siguidia Group's story

Siguidia is a women’s group from Koutiala. The women know one another well, and live in large traditional families with their husbands, children, and other parents. They are on average 39 years old, and are all married with at least six children.

This group of women trades in various items such as fabrics, food, soap, firewood, and so on. To grow their businesses, the members decided to join Soro Yiriwaso’s loan program. This is their second group loan.

Niagaly, the woman sitting all the way to the right in the picture, is a member of group Siguida. She retails firewood. She is planning on using her loan to purchase firewood gathered from the bush around Koutiala as it becomes available. She retails cash or credit, from home, to a varied clientele.

While the other members of group Siguidia are expecting an average monthly profit of 105,000 XOF each for this cycle, Mrs. Ozo is forecasting 120,000 XOF.

In addition to paying back the loans, they use part of their profits to pay for personal expenses and to increase their working capitals.

They hope to consolidate this partnership with Soro Yiriwaso to prevent low stocks.

In this group: Fanta , Mariam, Estelle , Aicha, Niagaly
*not pictured

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Translated from French by Kiva volunteer Charlotte Buecheler



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