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Total loan: $425
Sikasso, Sikasso, Mali / Food
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A loan helped Purchasing food for an eatery.
Djata K. is 62 years old, married and the mother of eight children. She lives with her husband and children in a monogamous family in Kaboïla II, a modest district in the town of Sikasso (the third administrative region of Mali). After having tried several business activities without success, she has decided to go into the restaurant business, and has been doing this for over twenty years now. She has learned this activity from her mother who used to cater food for public ceremonies. Lacking her own funds to run this business properly, she is seeking a loan from Soro Yiriwaso, with the goal of better satisfying the ever growing demand of her customers. During the six years of collaboration with Soro Yiriwaso, she has received several joint loans as part of a local women’s association and is now on her eighth individual loan. All previous loans have been duly reimbursed. With this new loan, she plans to purchase in Sikasso eight bags of rice, four bags of millet, and some food condiments for making sauces. She has an eatery at the new market of Médine Sikasso, and her clients are mainly market vendors, long-distance drivers and passengers. She anticipates achieving a monthly income of 100,000 West African francs. With the obtained income, she plans to contribute to the family budget, pay off the interest on her loan and reinvest the rest in her business.
Translated from French by Ekaterina Sukhanova, Kiva Volunteer