A loan of $750 helped buying condiments, potatoes, Maggie bouillon cubes, onoions, etc.

Mariam's story

Born on December 26, 1963 in N’Kourala, in Sikasso prefecture, Ms. Mariam Koné is a widow and the mother of two boys and two girls. She resides with her own children and adopted children in the Médine district in Sikasso City (3rd administrative region of the Republic of Mali). After having lost her husband seventeen years ago, she got started in commerce, the buying and selling of a variety of items such as condiments. She sells at the new market where she has a store and a table. There, she is in high demand by her customers for the quality of her goods.

To satisfy her burgeoning customer base, Mariam decided to join the micro-finance institution Soro Yiriwaso about two years ago. Thus, she has benefited from two loans, which have both been repaid successfully. And so, with the goal of reinvigorating the same business further, she is requesting this third loan, which will enable her to increase her working capital in order to buy: 15 sacks of potatoes, 12 sacks of onions, various grains, and a major stock of condiments (okra, kitchen salt, tomato paste, etc.) These goods, which she buys locally from peasant producers from surrounding villages, are taken to the weekly markets of Yorosso and Kouri, toward the Mali-Burkina Faso border, in order to be sold retail and wholesale to a customer base composed essentially of fair-goers paying cash on the days the fairs take place.

With this loan, Mariam envisions making a monthly profit of 200,000 francs CFA that will be used essentially to increase her working capital, to help cover family expenses, and to pay the loan interest.

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Translated from French by Kiva volunteer Daniel Kuey

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