A loan of $1,025 helped to purchase various items.

Fatoumata Modibo's story

Fatoumata Modibo is about 46 years old and a mother of five. She lives with her husband and their children in Wayerma I, one of the neighborhoods at the outskirts of the city of Sikasso (3rd administrative region of the Republic of Mali).
Over seven years ago, after running several businesses unsuccessfully, Fatoumata Modibo started this business buying and selling clothes, beauty products and other various items. She runs her business out of the large market in Sikasso. Now, she wants to take advantage of this loan from Soro Yiriwaso to become a large-scale saleswoman in the market she works in, in order, ultimately, to better satisfy her customers, most of whom are women.
She is on her fifth individual loan cycle. All her previous loans were fully paid back.
With this loan, she plans on buying 8 outfits of embroidered fabric, 8 boxes of various sorts of ointments, 10 womens’ handbags, 5 boxes of various types of perfume, 5 boxes of deodorant, 5 boxes of beauty soap, 10 pairs of shoes and newborn outfits. She gets her supplies in Bamako, Bobo Dioulasso (Republic of Burkina Faso), and often in Lomé (Republic of Togo).
She plans on using this loan to generate monthly profits of 275,000 CFA francs. These profits will enable her to contribute the family expenses, pay interest on her loan, and invest the remaining funds into her business.

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Translated from French by Kiva volunteer Chelsea Rosendale

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