A loan of $700 helped to buy 40 pieces of pagnes Wax (colorful African cloth) and 20 pieces of embroidered fabrics.

Madougou's story

Madougou, age 63, is a widow who lives with her co-spouse and their children at the home of their late husband in Mancourani II, in the center of Sikasso (Third Administrative Region of the Republic of Mali).

Never having had the opportunity to progress in school due to social issues, she became familiar with the business of trading "pagnes Wax" (colorful African cloth) and embroidered fabrics thirty years ago.

She's very much in demand by her clientele, which comprises mostly women, thanks to the quality of her products. She gets lots of orders from neighboring villages, and her business is doing very well.

Eager to better satisfy her ever-increasing clientele, she decided to join Kiva's partner, the MFI Soro Yiriwaso, seven years ago. After several solidarity loans (group loans) with an association of women of her neighborhood, she's now seeking her twelfth individual loan. All previous loans were repaid without problems.

She intends to use this loan to buy 40 pieces of pagnes Wax, and 20 pieces of embroidered fabrics. She gets her supplies in Bamako, and resell her products as a traveling saleswoman in Sikasso, and often in the neighboring villages.

She intends to turn an average monthly profit of XOF 200'000 (ca US$ 390), to be used mainly to increase her working capital, help with the family expenses, and repay the interests of the loan.

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Translated from French by Kiva volunteer Patrick Stadelmann

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