A loan of $1,475 helped a member to buy Wax pagnes.

Gneleni (Veut Dire Bravoure) Group's story

The group Gneleni (from the name of a woman fighter in the Bambara legend in Mali) is composed of six women who average 37 years of age and five children. They live in traditional extended families with their husband, co-wives, brothers, sisters, children and other parents in the city of the sub-prefecture Fana (Koulikoro region, Republic of Mali). Linked by ties of work and community, these women do commerce exclusively in 'Wax' pagnes (highly prized cloth in West Africa).

Concerned about satifying a burgeoning customer base, the women have joined the micro-finance institution Soro Yiriwaso, with which they are on their eighth group loan (solidarity loan). All the preceding loans have been correctly repaid.

They intend to pay for 300 lengths of pagnes in Bamako (capital of Mali) from wholesalers. These lengths of cloth will be cut into three and resold retail, cash or credit accepted, in the marketplaces of Fana, Konobougou, Dioïla, Massigui, etc. to customers essentially composed of women. They each envision realizing a profit of 45,000 francs CFA, which will be used to boost their working capital. Their ambition is to become wholesalers and to establish a relationship with a Dutch factory that makes 'Wax' pagnes.

In this group: Massitan , Mariam , Minata , Diatou , Djeneba , Chata

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Translated from French by Kiva volunteer Daniel Kuey

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