A loan of $1,050 helped to stock up on grain for resale.

Salimata's story

Mrs. Salimata is 37 years old, married, and the mother of four children. She lives with her husband and children in a large traditional family in the city of Sikasso (third administrative region of the Republic of Mali).

Having attempted several activities without success, Salimata became involved in the storage and sale of grain (maize, millet, sorghum, etc.) over seven years ago. She has her own shop in Kaboïla I.

Eager to better serve her growing customer base, she joined the microfinance institution Soro Yiriwaso about six years ago. After five group loans in collaboration with a local women’s group (the Kotognogontala Association of Banconi), she is now seeking her eighth individual loan. All previous loans were repaid without problems.

With this new loan, she plans to purchase 25 sacks of maize, 15 sacks of millet and 15 sacks of sorghum. She buys her stock in various communities surrounding Sikasso, and then sells the merchandise wholesale or at retail to a clientele consisting mostly of household heads.

She hopes that this loan will help her earn a monthly profit of 275,000 FCFA, which she will use primarily to increase her working capital, help with the household expenses, and pay the interest on the loan.

Translated from French by Kiva volunteer

Loan details

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Loan details