A loan of $625 helped to purchase gains to sell.

Fanta's story

Born around 1975, FANTA lives with her seven children and her husband in a nuclear family in Commune Rurale de Ouelessebougou. She soon became interested in revenue-generating businesses along side her aunt, who used to do commerce in grains. After several years of experience with her aunt, FANTA opted for buying and selling grains and farm produce: peanuts, black-eye peas, millet, fonio, corn, dah, etc.

After having correctly repaid the two previous loans, FANTA is on her third loan with the microfinance institution Soro Yiriwaso. It will be used to purchase 100 of fonio (a kind of millet) from peasant producers (in OUELESSEBOUGOU, KELEYA, and OUROUN) and rarely from local wholesalers. She makes her cash or credit sales at the retail level to a customer base compose essentially of consumers at her home, at the market, and at the surrounding fairs.

FANTA hopes to make a monthly profit of 60,000 francs CFA that will be used to help her husband to meet family needs, pay back the loan, and reinvest in the business.

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Translated from French by Kiva volunteer Daniel Kuey

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