A loan of $1,025 helped to purchase assorted goods.


Kanouya's story

Kanouya was born in about 1961 in Somasso, in Koutiala. The mother of three children, she lives in her husband's home in Niena (in the third administrative region in the Republic of Mali).

She has been running this business purchasing and selling assorted goods for more than seven years. Her experience in this area has earned her a good reputation and she receives orders for various merchandise, notably cloth [goods]: colored damask, shirts, fragrances, shoes and jewelry. Thus, in order to have the necessary means to satisfy her clients, she [began to] collaborate with microfinance institution Soro Yiriwaso four years ago now; her previous loans have been properly repaid.

This new loan will allow her to purchase 10 lengths of damask, 60 bottles of fragrance of varied quality, 50 pairs of earrings and 15 ice chests.

She gets her supplies in the markets of Lomé and Bobo Dioulasso, as well as in Bamako. Her sales are made-to-order [and sold] at retail and for cash to a group of customers made up of men and women.

With this loan, Kanouya expects to see an average monthly profit of 100,000 CFA francs per month. This profit will allow her to pay the interest on her loan and to invest the remainder in her business.

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Translated from French by Kiva volunteer Jessalyn Pinneo



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