A loan of $1,050 helped purchase of sheets, curtains and tablemats.

Ramatoulaye's story

Ramatoulaye Traoré is 53 years old, single and mother to one child. She lives in a large traditional family in Bougoula Ville, the central town of Sikasso (the third administrative region of the Republic of Mali). Ramatoulaye is a seamstress by profession and she buys bundles of sheets, curtains and tablemats in order to alter them and resell them; she has been doing this for more than twenty years. She carries out this activity from home where she has her own sewing machine.

In order to satisfy her ever increasing customer base, she decided to join the mincrofinance institution, Soro Yiriwaso, over six years ago. After several group loans with an association of women in her neighborhood, she is now on her ninth individual loan and all the previous loans have been repaid correctly.

With this loan she is planning to buy eight parcels of tablemats, eight bundles of curtains and eight bundles of sheets. She gets her supplies locally from wholesalers, and she sells generally for cash and on credit to a customer base made up of women.

She is expecting to make a monthly profit of 250,000 FCFA which will be used essentially to expand her business, contribute to family expenses and pay the interest on her loan; the rest will be invested in her activity.

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Translated from French by Kiva volunteer Alison Le Bras

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