A loan of $1,375 helped a member dyeing, purchase of "bazin" cloth, and coiffure.

Jiguignouma (Bon Espoir) Group's story

The seven women of the Jiguignouma group are all married; they have an average age of 35 and on average, 3 children. They live in big traditional extended families in the Hamdallaye district of the town of Koutiala (Sikasso region, Republic of Mali). They know each other because they are neighbors. They work in the same trade, dyeing and selling clothing (made out of "bazin" a kind of damask); they also do hairdressing and are very much in demand. Hairdressing is done every morning at home on the request of their clientele.

In order to satisfy the needs of their ever-growing clientele, the Jiguignouma group decided to join the micro-finance institution Soro Yiriwaso with whom they are on their third solidarity loan (group loan). Both the preceding loans were correctly reimbursed.

They intend to use this loan to buy lengths of "bazin" wholesale in Bamako (the capital of the Republic of Mali) as well as dyes, etc. The dyed "bazin" is sold retail in the market in Koutiala.

They each hope to make an average profit of 110,000 F CFA over the course of this loan cycle, which will be used to repay the loan and cover the expenses of their extended families, investing any remainder in their businesses. Their ambition is to diversify their businesses by taking up other income-generating activities such as opening a beauty salon.

In this group: Ami, Djenèba, Nematou, Djenèbou, Korotoumou, Adiaratou, Niagna

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Translated from French by Kiva volunteer Teresa Kramer

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