A loan of $975 helped to purchase fruit and vegetables.


Fatoumata's story

Married and the mother of three children, Fatoumata is 37 years old and lives with her husband and children in the town of Koutiala (in the Sikasso region) in a nuclear family. For social reasons, she did not have the opportunity to progress beyond primary education, and thus she has focused on income generating activities from an early age, alongside her mother.
Having tried several activities without success, she ended up starting to sell fruit and vegetables ten years ago. Fatoumata finds that this business generates enough income, because fruits and vegetables are foods that everybody needs for their wellbeing.
In order to meet her customers' needs for quantity, and to grow her business, she decided to seek help from micro-finance institution Soro Yiriwaso 7 years ago. Following 13 group loans, all fully repaid, she is on her third individual loan - the previous two have both been properly repaid.
With this new loan, she intends to buy various fruits and vegetables in Sikasso and in the villages around Koutiala. She sells in the large market in Koutiala to a customer base of men and women, both for cash and credit. She intends to make an average monthly profit of 150,000 FCFA which she plans to use to repay the loan interest to Soro Yiriwaso, to help with the family's daily living expenses, and to invest the rest in other income generating activities.
She relies on Soro Yiriwaso's financing in order to grow her business.

Translated from French by Kiva volunteer Alistair Assheton



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