A loan of $725 helped to buy fixed assets for a restaurant.

Anta's story

Ms. Anta D. has been a divorced woman restauranteur since 2004. She has two children to support. With her restaurant, she ensure a minimal living standard (she pays for her rent, food, and schooling costs for the children). She was renting the restaurant where she operated. The owner of the premises saw her business being developed and asked her to give up the place because he wants to do business.

Ms. Anta came to see IMCEC for help with investing in an adjacent place her relatives let her have. With this loan, she's going to buy cement, paint, tables, and chairs, and the rest will be for augmenting her working capital. This working capital is the money she will use to buy rice, fish, flour, meat... to make meals. Her children eat at the restaurant. Each day, she earns over 2,000 francs CFA that she deposits into a bank. She will then have 60,000 francs at the end of the month, which will enable her to honor her 40,250 francs loan payments and to keep 18,750 francs in savings.

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Translated from French by Kiva volunteer Daniel Kuey

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