Total loan: $550


Segou, Segou, Mali / Retail

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A loan helped The purchase of raw materiels for incense production.

Fatoumata's story

Ms. Fatoumata D. I. is 36 years old and lives in a monogamous family with one child in the area of Attbougou, one of the outlying areas of the city of Ségou (the fourth administrative region of the republic of Mali). For social reasons, she left school early. After attempting many profit-generating businesses without success, her grandmother taught her the secret art of incense (traditional deodorant) production. She finished her apprenticeship and for the last 10 years has practiced this business. Today, she enjoys the benefits of a good reputation on a regional scale. She receives orders from all over the sub-region of West Africa (Burkina Faso, Côte d'Ivoire). To make a good quality incense with a pleasant smell requires magnonkisèni, an exotic plant highly valued in West Africa, to be seasoned with perfumes and eau de Cologne for one month. To satisfy her growing clientele, she decided two years ago to join Soro Yiriwaso microfinance institution. After four joint group loans all which were properly repaid, she has requested her first individual loan. With this loan she plans to purchase 30 kg of incense seed (magnonkisèni), 70 kg of Kèni (natural incense), 15 boxes of perfume (including eau de Cologne) and empty bottles. She gets her supplies mostly from the large market in the city of Ségou and sells her product for cash or on credit to a clientele composed mainly of women and men from Mali and neighboring countries. When weddings take place she is in very high demand due to the fact that her product is highly valued by newlyweds. She plans to earn a monthly income of 50,000 FCFA which will be used mainly to increase her business capital. Her dream is to build a new home.

Translated from French by Allana Carlyle, Kiva Volunteer