A loan of $1,100 helped to buy néré nuts for making Sounbala.

Fatoumata's story

Fatoumata is a 53 year old widow and the mother of three children. She lives with her children in the Hamdallaye district of Koutiala prefecture. Not having had the opportunity to attend school, she quickly became interested in selling various merchandise, finally deciding to make Sounbala (a condiment) from néré nuts. She has operated this business for more than 30 years. She gets sizable orders from her clients inside and outside the country. Seven years ago, she decided to join the Soro Yiriwaso microfinance institution in order to overcome breakdowns (in supplies) that she encountered, and thereby to keep her clients satisfied. After eight solidarity (group) loans, all of which have been fully repaid, she is on her eighth individual loan and the seven preceding loans have been fully repaid.

She intends to buy 10 bags of néré nuts with this loan. She gets her supplies at the Koutiala Grand Market and sells her goods in Bamako (capital of Mali) and outside the country to a clientele composed of men and women in cash and by credit. With her working capital bolstered, she estimates that she will earn an average profit of 150,000 CFA per month that she plans to use to pay the interest on the Soro loan and to support her family, as she is a widow. Very courageous and motivated, she always depends on the Soro financing to build her business.

Translator profile picture

Translated from French by Kiva volunteer Connie Archea

Loan details

Lenders and lending teams

Loan details