A loan of $525 helped to buy clothing for babies.

Mariétou's story

Ms. Mariétou Tounkara, age 48, is married and the mother of seven. She lives in a polygamous family with her husband, her two co-wives, and their children in the Hamdallaye district, in Koutiala prefecture (third administrative region of the Republic of Mali). Having lacked the chance to go to school, she very soon got introduced by her mother to earning revenues. After having worked at several kinds of businesses unsuccessfully, she finally decided fifteen years ago to buy and sell clothing, particularly baby wear. This is a profitable business, which brings in a fair income for her.

Concerned about increasing her turnover and satisfying her customers, Ms. Mariétou wasted no time in joining the micro-finance institution Soro Yiriwaso. During her six years associated with the institution, she has correctly repaid her four solidarity loans (group loans) and her three individual loans. She is now on her fourth individual loan, which will be used to buy a sizable quantity of baby wear (of good quality and of different colors) in Bamako (capital of Mali). She makes her sales at the grand marketplace of Koutiala to customers composed of women and men, cash or credit accepted.

She plans to realize a monthly profit of 70,000 francs CFA she envisions using to make loan interest payments, to help cover day-to-day 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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