A loan of $825 helped purchase of fabrics, sheets, and perfumes for re-sale.

Assitan's story

Mrs. Assitan Diakité, 40, is married and the mother of two children. They live in a polygamous family with her husband, his children, and her co-spouse in the Hérémakono Nord neighborhood of the prefecture of Bougouni (third administrative region of the Republic of Mali).

Very early on, she began to earn her living selling goods, notably linens (fabric, sheets), perfume, and diverse articles (made of plastic). With an experience of 10 years, Mrs.Assitan Diakité is well-versed in her business which she learned from her aunt, who used to be a very fine merchant.

So as to bolster her working capital, she decided to join the micro-finance institution Soro Yiriwaso, with whom she is on her second individual loan. The preceding loan was correctly reimbursed.

With this loan, she would like to buy 20 lengths of cloth, 35 sheets, and 3 cases of various sorts of perfume. She does her buying in Burkina Faso and in Bamako (the capital of the Republic of Mali) from the wholesalers who sell in the big open-air market. She sells door-to-door in the neighborhoods of the town and out of a stall in the market of Bougouni. Mrs. Assitan's clientele consists essentially of women to whom she sells for cash, retail, and on credit payable weekly or monthly.

With the loan she expects to make a monthly profit of 55,000 F CFA which she plans to use to expand her business so as to become a wholesaler herself.

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Translated from French by Kiva volunteer Teresa Kramer

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