A loan of $950 helped purchasing various items for resale.


Korotimi's story

Mrs. Korotimi Haidara is 48 years old, a widow and the mother of two children. She lives in her parents' household together with her children and others family members in Ségou (the fourth administrative region of Mali). For social reasons, she never attended school. And so she started to be engaged in business activities early on, learning from her parents. Her mother used to sell food condiments, and her father kept a store selling cereals. With plenty of practical experience, she launched her own business selling various articles, such as “atieke” [a manioc-based food], potatoes, food condiments etc. She has been in business for 22 years now and is well known and appreciated by her customers. Her products are very much in demand at the Château market. In an effort to meet the customer demand, she decided to collaborate with Soro Yiriwaso. She has been a client with Soro Yriwaso for 42 months and obtained three solidarity (group) loans and two individuals loans, all duly repaid. She is now on her third individual loan, which she plans to use to purchase 660 kg [1452 lbs] of potatoes and 1 ton [2200 lbs] of atieke. She stocks up in Sikasso, in Bamako (the capital of Mali) and in the Republic of Côte d’Ivoire. Mrs. Korotimi Haidara sells for cash and on credit to a customer base composed primarily of women. With this loan she plans to achieve a monthly income of 150,000 West African Francs. This revenue will allow her to repay her loans and to contribute to her market’s tontine (a savings group) at the rate of 1,000 West African Francs per day.

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Translated from French by Kiva volunteer Ekaterina Sukhanova



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