A loan of $300 helped to buy charcoal.

Fadimata's story

Madame Fadimata is 60, in a polygamous marriage, and has five children. She lives with her husband in the Pelengana neighbourhood of the town of Ségou.Having left school after the second cycle (in the Mali education system), she became interested at a young age in business, in particular in the buying and selling of charcoal and of firewood. She has been in this business for over 20 years. Her business is very popular and valued in the neighbourhood.
Because she needs to satisfy her increasing customer demand, she has turned to the Soro Yiriwaso microfinance institute. She has had a relationship with this institute for four years now. After properly repaying her four previous loans, she is now in her fifth individual loan cycle. She will use this loan for the purchase of 60 bags of charcoal from markets in the villages around Ségou.
Fadimata sells for cash and credit to a clientele made up mostly of women. She expects to make an average monthly profit of 36 000 FCFA, which will allow her to help her husband with the family expenses.
Her goal is to buy a residential lot.

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Translated from French by Kiva volunteer Christine Cooper

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