A loan of $775 helped to buy white damask, caustic soda, and containers of dye.

Maimounata's story

Ms. Maimounata is a 30-year-old married woman and the mother of two children. She lives with her husband and their children in Hamdallaye, a working-class district in Sikasso city (3rd administrative region of the Republic of Mali). Four years ago, after having run several businesses unsuccessfully, this woman became familiar with a revenue-generating business, which is the dying of cloth, in Sikasso with a local expert. She enjoys a strong reputation in this business and receives many orders, especially for ceremonies (marriages, baptisms, holidays, etc.)

Because her own resources cannot allow her to meet her needs, she is requesting this loan from the micro-finance institution Soro Yiriwaso to buy 10 lengths of white damask cloth, 10 containers of dyes of different colors, and 12 pouches of caustic soda in order to satisfy her ever-growing customer base. She gets her supplies locally from merchants supplying the raw ingredients (white damask, caustic coda, and dyes) and places them into the different dyes. The dyed damask is then sold, either for cash or on credit. Her potential customers are retailers of dyed damask, tailors, and women in her neighborhood.

Ms. Maimounata has had an association with Soro Yiriwaso for about eight years. After four solidarity loans in a women's association in her district, she is now on her eighth individual loan. The previous loans have all been repaid correctly.

She plans on making an average monthly profit of 200,000 francs CFA that will be put toward covering family expenses by helping out her husband, paying the loan interest, and bolstering her cloth dying business.

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Translated from French by Kiva volunteer Daniel Kuey

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