100%

funded

Total loan: $525

Oumou

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Sikasso, Sikasso, Mali / Food

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A loan helped Buying ingredients for the restaurant.


Oumou's story

Ms. Oumou Boré is little older than 41 and lives with her husband and her seven children in Wayerma I, the downtown of Sikasso City (3rd administrative region of the Republic of Mali). After having run many businesses without success, she decided in the end to introduce herself to the restaurant business over fifteen years ago. Her business is in operation every night in front of her conjugal home in Wayerma I Sikasso, where she is in high demand by her customers for the quality of her diverse and varied dishes. To satisfy her burgeoning customer base, she decided to join the micro-finance institution Soro Yiriwaso five year ago. After eight solidarity loans (group loans) in a women's association in her district, she is now on her fifth individual loan. All the previous loans were repaid properly. She plans on using this current loan to buy 20 chickens, 2 sacks of potatoes, 27 packets of spaghetti, 50 kg of fresh fish, 35 kg of beans, 42 pouches of attièkè (cassava couscous), 28 kg of green beans, and a stock of plantains. She purchases her goods locally and accepts cash or credit from a customer base composed of women, young people (unmarried), and especially night owls. She envisions making a monthly profit of 170,000 francs CFA that will be used essentially for increasing her working capital, to help cover family expenses, and to pay the loan interest.

Translated from French by Dan Kuey, Kiva Volunteer