Today we added $3.54 to the repayments in our Kiva account and for our 35th loan of $25 we helped a group of brightly dressed women in Africa, so they can improve their market businesses.
“This group comprises 23 women who are very active within their banc villageois, created in December 2010. They all come from the same neighborhood and they get along well with each other. Their main activity is small retail.
The group’s featured borrower, Diènabou, is 36 years old. (She is sitting on the right-hand side in the photo, and raising her hand). She is married and the mother of five children, four boys and one girl.
She has a spot at the market, where she has been selling vegetables and groundnut paste for the past six years.
With this loan, she is planning to purchase some vegetables and groundnut paste at the weekly markets in the south-east.
She will buy:
– 20 bags of onions, at a cost of 70,000 CFA francs, and will retail them for 120,000 CFA francs,
– 2 bags of eggplants, at a cost of 10,000 CFA francs, and will retail them for 15,000 CFA francs,
– 10 buckets of groundnut paste at a cost of 100,000 CFA francs, and will retail them for 130,000 CFA francs.
She will pay 15,000 CFA francs for handling and transportation costs.
After deducting operating costs and daily expenses, she will end up with an average net profit of 55,000 CFA francs every other week.
With the profits from her activity, she will be able to put some money into saving, assist her husband with the daily expenses, and buy a plot of land.”
There’s a FREE TRIAL going on over at KIVA at the moment, so if you want to see what it’s all about before you put in your own money, press the link. LINK