A loan of $1,575 helped a member to buy cosmetics, fruit, and vegetables.

Dakan (Le Destin) Group's story

The eight members of the group Dakan (meaning "destiny") of the Lolo association in the village of Kimparana (San Prefecture) are all married and average 39 years of age and eight children. They generally live in polygamous households in the Ségou region (fourth administrative region of Mali). Linked by ties of community and blood, the group members essentially do commerce in cosmetics, fruit, and vegetables.

Concerned about supplementary financial resources, the group joined the loan program of the micro-finance institution Soro Yiriwaso, with which the members are on their fifth group loan (solidarity loan). All of the preceding loans have been repaid without difficulty. The preceding loans enabled them to expand their business and to earn the loyalty of their customers.

The group intends to buy 20 boxes of cosmetics of different types and a large quantity of fruit and vegetables. For these, they get their supplies locally at the Kimparana marketplace from market vendors or producers coming from surrounding villages. As for the cosmetics, the purchases are made iin Bamako (capital of Mali) from wholesalers. The goods are sold out of the home, at the Kimparana marketplace, and in the fairs of neighboring villages, to customers who are generally women.

The group members each envision realizing a profit of 50,000 francs CFA that allows them to assist their spouses in supporting the family and to increase their working capital.

In this group: Sadio, Mariam, Alima, Awa, Doudou, Marian, Maïmouna, Marama

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Translated from French by Kiva volunteer Daniel Kuey

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