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Total loan: $425
Segou, Segou, Mali / Food
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Nansa's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy the supplies needed to make juice for sale.
Mrs. NANSA, age 56, is married with five children. She lives in a traditional family with her husband, her children, and the children of a deceased co-wife in the district of Bagadadji in Ségou (4th administrative region of the Republic of Mali). Nansa never attended school due to social reasons (her parents were illiterate). Therefore, she learned the trade of commerce alongside her mother who was selling clothing. After 15 years of activity together, and enriched by this experience, Nansa started her own income-generating activities such as the sale of clothing, shoes, and bed sheets, as well as the preparation and sale of fruit juices, an activity she has been practicing for 15 years and for which she enjoys a large customer base. Her sales strength resides in the quality of her juice, which she prepares carefully and sells in clean containers bearing her name. To bolster her working capital and meet customer demand, she joined the microfinance institution Soro Yiriwaso 2 years ago, and has already obtained and repaid 2 individual loans. This is her 3rd loan cycle with the MFI, and she plans to use the credit to buy 5 bags of sugar and 5 cartons of powdered juice. She buys her stock locally and sells her product for cash and on credit to a mixed clientele of all ages. She expects to earn a monthly profit of 90,000 FCFA that she will use to repay her loan, to support herself and to take care of her late co-wife’s children. Her goal is to open a general food store in the area.