A loan of $800 helped to buy 30 cases of alcoholic beverages and to repair rooms.

Assitan's story

Mrs. Assitan D. is 39 years old and unmarried. She lives with her niece in the Kangaré neighborhood in Sélingué (third administrative region of the Republic of Mali). For social reasons, she quit high school and got a job as a waitress in a restaurant bar in Bamako, the capital of Mali. After working several years, she saved money and started her own business, buying alcoholic beverages in Burkina Faso and Côte d'Ivoire, and reselling them to bars and restaurants in Bamako.

During one of her trips, she recognized the economical opportunity of Sélingué (a touristic town, which lends itself to fishing) and decided to invest there. She bought a lot where she built a bar eight years ago. Today, the bar offers a few rooms for travelers.

Looking for complementary financial resources, she's been a member of the loan program of Kiva's partner, Soro Yiriwaso, for eight years. After two group loans, she's seeking her second personal loan. The first one was repaid without problem.

She intends to buy 30 cases of alcoholic beverages (beer, Guinness, …) in Bamako, as well as to repair the rooms to improve the boarding service. She intends to turn an average monthly profit of XOF 110'000 (ca US$ 250), to be in part used to repay the loan, and in part invested into her business. She ambitions to add more rooms and a dance floor in order to turn the bar into a hotel.

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Translated from French by Kiva volunteer Patrick Stadelmann

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