Wednesday, May 05, 2010

KIVA Loan for May 2010

This month our KIVA loan goes to a group of six women living in Mali, Africa. This is loan number 11 for us, and we have now reached a point where the repayments coming back from each person we have lent to underwrites the entire new loan. KIVA loans enable even those of limited means to reach out and have a positive impact on the world. With a $25 dollar loan you can help lift a whole group of hard-working people out of poverty. Our $25 is not much, but when combined with $25 from 10 to 50 other people it makes a big difference to the mothers in Africa, enabling them to improve their family's diet, send their children to school, and provide them a more secure future.

The Women are: Dado Bouaré , Awa Traoré , Bah Traoré , Mariam Traoré, Tété Diallo and Oumou Coulibaly.

The Tientigui group is made up of six married women who live in monogamous families. They average 39 years of age and have an average of five children each. They all live in the Darsalam district of Ségou, Mali and met through neighbours and marriage.

The members of this group trade in fodder (food for livestock), tomatoes, children's clothing and calabashes (vines which can be dried out to be used as bottles or utensils). They work well together as a borrowing group, and this is their fourth group loan.

In the picture you see Mrs. Mariam Traoré holding one of her decorative calabashes. Mrs. Traoré buys and sells decorative articles, and is planning to use her loan to buy 200 calabashes. She gets her supply of calabashes in Tona and Konodimini.

She peels the calabashes and engraves them with small figures or designs, in the traditional method of her community. The finished calabashes are resold to order to newly married couples, and sometimes on a door-to-door basis to both men and women in the various neighborhoods. Mrs. Traoré hopes, along with the other members of the group, to make an average monthly profit equal to about $54.00 USD, part of which will be invested in their businesses, part will go for savings, and part of which will be used to repay their loan.

1 comment:

Outhouse Capital of Canada said...

Hi, hows things, Cathy and James have sold the motel and are going back to UK.
I looked through your posts and see your struggle with family history, I am also doing research and need to get back into it.