A loan of $2,200 helped a member to buy peanuts for processing into peanut oil and animal fodder.

Adama's Group's story

This group has been created on December 24, 2010, at the launch of the local banc villageois. Its members form a close-knit community. They all work as vendors.

Our star borrower, Saye, the one standing on the right raising her hand in the photo, is 64 years old. She is married and has ten children, four of whom are daughters (two of them are already married). With her loan she will buy peanuts to process them into oil and "rakal" [animal fodder]. She will buy peanuts at 500 West African francs per kg [2.2 lbs] in Ndangalma, a village hosting a weekly market, or in Bambey Séreres. She owns equipment for processing peanuts and obtains 80 liters [21 gal] of oil and 45 kg [99 lbs] of "rakal" from 200 kg [440 lbs] of peanuts. She resells oil for 1,000 francs per liter and rakal for 350 francs per kg. The revenues from her business will allow her to grow her savings, pay off her interest and improve the life conditions of her family by buying clothing for her children and grandchildren, as well as by improving her family's nutrition.

In this group: Adama, Marème, Aïssatou*, Déguène, Fatou, Astou, Astou, Fatou, Mbayang, Saye, Arame, Amy, Teningue, Amy, Coumba*, Lémouh, Fatou*, Thioro, Anta
*not pictured

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Translated from French by Kiva volunteer Katharina S

Loan details

Lenders and lending teams

Loan details