A loan of $500 helped to purchase various goods to sell such as cloth and handbags.

Mahoua's story

Born around 1967 in Bougouanou (Republic of Cote d'Ivoire), Mahoua is a married mother of seven children. She resides with her husband and their children in a large traditional family in Sanoubougou I Kapel Kourou, one of the outlying districts of Sikasso City. After several unsuccessful businesses, she finally decided to become familiar in this small-scale business about ten years ago, especially in the buying and selling of clothing (wax 'pagne' cloth, embroidered fabrics, etc.). She purchases her goods locally from wholesale merchants from Sikasso and Bamako. Then she resells them at the local market, where her goods are much in demand by her customers composed essentially of women.

Concerned about further satisfying her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso over a year ago. She is now on her third loan, which will enable her to purchase 25 outfits of embroidered fabrics, 15 lengths of wax 'pagne' cloth, 20 handbags, and some women's necklaces.

With this loan, she envisions making a monthly profit of 115,000 francs CFA that will be used essentially to pay the loan interest. The rest will be invested in her business.

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Translated from French by Kiva volunteer Daniel Kuey

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