A loan of $1,000 helped to buy sheep.

Mariam's story

Mariam S., age 33, is married and the mother of four. Her status is that she is in a polygamous marriage, though she lives alone with her husband and her children in the Sogomougou district of Koutiala prefecture (Sikasso region). For societal reasons, she did not attend school. She soon got interested in working to earn an income, notably in fattening livestock, a trade she learned from her mother. She has been in this business for eight years now, and it is very profitable. She can sell over fifteen heads of livestock each month for just foreign customers.

To do right by her customers and to increase her sales figures, she decided to join the micro-finance institution Soro Yiriwaso five years ago. After eight solidarity loans (group loans), all correctly repaid without difficulty, she is on her second individual loan. The preceding loan was also repaid.

Ms. Mariam envisions using this loan to buy thirty heads of livestock and some feed. She supplies herself in and around the village of Koutiala and makes her sales generally in cash transactions at the livestock marketplace of Koutiala. Customers includes those from the Cote d'Ivoire.

She is counting on a profit of 150,000 francs CFA per month to be used to make loan interest payments, to help cover family expenses, and to invest the rest in her business.

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Translated from French by Kiva volunteer Daniel Kuey

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