A loan of $1,075 helped purchasing sounbala, a traditional condiment.

Nanou's story

Mrs. Nanou Koné is 54 years old, married and the mother of five children. She lvies in a polygamous family with her husband, her husband’s other wife and their children in the Kouloukoro district of the town of Koutiala.

Mrs. Nanou Koné has not attended school (victim of an age when parents wouldn’t allow their daughters to go to school). Nanou quickly developed an interest in earning a living and learned her trade from her mother. She is purchasing and reselling sounbala (a food condiment very popular in West Africa) for over 30 years. Her business is very popular with customers, and she can sell over 20 boxes per month.

In order to increate her working capital so as to expend her business and meet her clients’ needs, 6 years ago Mrs. Nanou decided to join Soro Yiriwaso. She had taken out three group loans (solidarity loans), all duly repaid; she is now on her 6th individual loan, having repaid the previous five without any issues.

With this new loan, she plans to purchase ten big baskets of sounbala from village sellers at the big weekly marked at the town of Koutiala. She sells in Bamako, to a coustomer based composed essentially of women, for cash.

She plans to achieve a monthly income of 125,000 West African Francs, which she intends to use for repaying her loan and contributing to improving the life conditions of her family.

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Translated from French by Kiva volunteer Katharina S

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