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Total loan: $950
Segou, Segou, Mali / Clothing
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A loan helped Buying clothing to sell.
Ms. Minata C. is 32 years old, married, and the mother of five children. She lives with her husband and children in a nuclear family in the Médine district of Ségou (4th administrative region of the Republic of Mali). Trained as a higher healthcare technician, she very soon started off in commerce with her mother, who used to sell condiments. She has had several years of apprenticeship at her mother's side until her marriage. Minata ran several revenue-generating businesses, such as selling fruit juices, ice water, and pâtées, before opting for the clothing business. She has been in this business for four years now and enjoys a large customer base and great recognition. With plans to address customer demand, she turned toward Soro Yiriwaso, with which she has been associated for 54 months. After three solidarity loans and three individual loans, all repaid, she is on her fourth individual loan. She plans on using it for buying 50 meters of riche damask fabrics and 10 bolts of wax pagnes (colorful West African cloth). She stocks up locally in Ségou. Accepting cash or credit, she sells to a customer base composed of women and men. Minata hopes to make a monthly profit of 75,000 francs CFA that will enable her to meet certain expenses (paying the electricity bill, soap, and medicines). Her ambition is to build a house.
Translated from French by Dan Kuey, Kiva Volunteer