A loan of $575 helped to buy rice.


Fatoumata's story

Ms. Fatoumata is 65 years old, married, and the mother of seven children. She lives with her husband and children in the Bagadadji district of Ségou. Not having attended school due to her parents' societal reasons, she started working in revenue-generating businesses by herself, such as in selling condiments, grains, and clothing. She finally decided to specialize in selling rice, which she has been doing for 25 years now.

With the goal of increasing her working capital to cope with customer demands, she turned toward the microfinance institution Soro Yiriwaso, with which she has been associated for twelve months. After an individual loan, completely repaid, she is now on her second individual loan, which she will use to buy 5 sacks of rice. She gets her supplies from Niono in the rice-growing area of the "Office di Niger".

Ms. Fatoumata accepts cash or credit from a customer base composed of men and women. She envisions making a monthly profit of 125,000 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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