A loan of $700 helped to buy 10 pieces of "Wax" fabric and pairs of shoes.


Aramatou's story

Mrs. Aramatou, age 36, is married and the mother of four children. She lives in a polygamous family in Koutiala, a city in Sikasso Region, with her husband, his co-spouse, and their children.

Not having had the chance to attend school, she didn't take long to start working with her mother at a very young age. After having tried several businesses without success, she turned to selling fabrics and various other items (shoes, jewelry, etc).

She's been running this business for twelve years, and is now very well-known since she sells large amounts every month.

To satisfy her customers both quantity- and quality-wise, she decided three years ago to seek help from Kiva's partner, the MFI Soro Yiriwaso.

After six solidarity loans (group loans), all repaid without problems, she's seeking her third personal loan. The previous two were repaid without problems.

With this loan, she intends to buy ten pieces of "Wax" fabric and pairs of shoes. She gets her supplies in Bamako and in Bobo (Burkina Faso), and retails in Koutiala, for cash and on credit, to a clientele comprising both women and men.

She intends to turn an average monthly profit of XOF 70'000 (ca US$ 140), to be used to repay Soro Yiriwaso's loan and its interests, and to help with the family daily expenses. The remainder will be reinvested in her business.

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Translated from French by Kiva volunteer Patrick Stadelmann



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