A loan of $750 helped to buy onions.

Coumba's story

Ms. Coumba is 68 years old, married, and the mother of five children. She lives with her husband and children in the Darsalam district of Ségou. Not having attended school for societal reasons, she soon started to work in revenue-generating businesses along with her mother, who used to sell onions. After several years of apprenticeship at her side, she was finally on her own working in the same business. She receives orders from Bamako, where she has many customers.

With the goal of increasing her working capital for coping with customer demands, she turned toward the microfinance institution Soro Yiriwaso, with which she has been associated for thirty months. After one solidarity loan and two individual loans, all paid back, she is now on her third individual loan, which she plans to use for buying a tonne of onions. She gets her supplies in Burkina Faso.

Ms. Coumba accepts cash or credit for sales to a customer base composed of men and women. She envisions making a monthly profit of 75,000 francs CFA. This will enable her to cover family expenses and to make her business sustainable.

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Translated from French by Kiva volunteer Daniel Kuey

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