A loan of $925 helped to buy fish.

Fatoumata's story

Madame Fatoumata is 27 years old, married, and the mother of three children. She lives in a traditional family in Missira, in Ségou town. As she did not go to school, she started as a retailer at a very young age, selling "pagnes" (African cloth) with her sister, who sold shoes and clothes. After learning the business from her sister for several years, Fatoumata began selling on her own. In addition to this business which she has had for 15 years and benefits from a lot of experience, she diversified her business by starting to buy and sell fish. Fish is highly prized in malian cooking and very well-liked.

In order to meet customer demand and to increase profits, Fatoumata is asking for a new loan. She has been working with Soro Yiriwaso for 24 months, with two fully repaid individual loans. This is her third individual loan which will be used to buy 1000 kg of fish powder. She obtains her supplies in Mopti.
Madame Fatoumata sells for cash and on credit, on a retail basis, to customers who are mostly women.

With this loan, she expects to make a monthly profit of 120,000 CFA francs. With this profit she will be able to repay the loan, and carry out other income-producing activities such as fattening animals. Her goal is to build a house.

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Translated from French by Kiva volunteer Sarah Puchner

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