Total loan: $800
Sikasso, Sikasso, Mali / Retail
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A loan helped to buy various merchandise.
Mrs. Maïmouna is 42 years old, married, and the mother of four children. She lives with her husband and their children in Sanoubougou I, one of the major districts of the city of Sikasso. Mrs. Maïmouna has been managing her business of buying and selling mineral water and cereals, and making and selling fruit juices for ten years. She enjoys a good reputation with this type of work and her products are much in demand, especially in the hot season, but her resources will not allow her to meet this demand. Therefore, she decided to join the micro-finance institution Soro Yiriwaso eight years ago. After benefitting from several joint loans with a women’s association in her district, she is now on her eighth individual loan and all of the previous loans have been properly repaid. She plans to use this new loan to buy a new refrigerator, 20 cases of mineral water, and 20 sacks of cereals. She sells fruit juices and mineral water at bus stations in Sikasso. The cereals are stored and sold from her home. With this loan, she foresees making an average monthly profit of 100,000 FCFA which will be used to contribute to family expenses, pay the interest on her loan, and she will invest the rest in her business.