A loan of $1,000 helped to buy wax fabrics.

Korotoumou's story

Korotoumou is 53 years old, married, and the mother of three children. She lives in a traditional family in a neighborhood of Segou called Hamdallaye A.

For social reasons, Korotoumou never attended school (her parents believed that sending girls to school was a waste for society), so she got involved in income-generating activities very early in life and started helping her mother who was selling clothes.

Korotoumou spent several years learning her trade from her mother. Then she started to sell various goods, before finally getting into buying and selling colorful printed fabrics and traditionally woven cloths. She has been involved in this activity for the past 23 years. She is very experienced in her field and has many customers.

Eager to boost her business and to increase her profits, she is requesting this new loan. She has already duly repaid a first individual loan and this is her second individual loan. With this new loan, she is planning to buy 25 sets of colorful wax fabrics. She buys her merchandise in Bamako and sells for cash to a customer base which mostly consists of women.

Thanks to this loan, Korotoumou is expecting monthly profits to reach 100,000 CFA francs. These profits will allow her to reimburse her loan, and to help her husband support the family.

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Translated from French by Kiva volunteer Sophie Narayan

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