Total loan: $1,050
Koutiala, Sikasso, Mali / Food
Flag of Mali
Agnes's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy locust bean seeds.
Mrs. Agnès is 41 years old, married, and a mother of three. She lives with her family in the city of Koutiala. She processes locust bean seeds into “soumbala” (a condiment) for retail. She has been in this business for over ten years. In Mali, soumbala is one of the most important condiments and is very valued by women. Because of this, her business is very profitable, since she can sell a lot every week. To increase her working capital and grow her business, Agnès requested a collaboration with micro-finance institution Soro Yiriwaso over four years ago. This is her fifth individual loan; previous loans were paid back in time. With this loan, she is planning to purchase a large quantity of quality locust bean seeds, process them into soumbala, and retail them for cash to a mixed-gender clientele. She is counting on a monthly profit of 110,000 XOF, which she will use to pay back her loan, provide for her needs, and reinvest in her business.