A loan of $600 helped to buy various goods (pagnes, earrings and shoes).

Bintou's story

Born sometimes around 1962 in Mahina (Kayes region), Bintou is married and the mother of four children. She lives with her husband and children in the Torakabougou neighborhood of the city of Bougouni (third administrative region of the republic of Mali).

Bintou has been selling "pagnes" (traditional West-African fabrics), clothes, damask fabrics, shoes and jewelry for more than ten years. Thanks to her experience in this field, she is a very popular seller, and she receives orders for various goods such as fabrics (including damask), shirts, perfumes and jewelry.

In order to have the necessary resources to satisfy her customers' needs, she has decided to join the microfinance institution Soro Yiriwaso. This is her third loan with the institution and she has duly repaid her two previous loans.

With this new loan, she will buy 10 pagnes ("moyen riche" grade), 20 sets of earrings and about 15 pairs of shoes. She stocks up in Burkina Faso and usually sells from orders and at the Bougouni market. She sells for cash or on credit to a retail customer base made up of men and women.

Bintou is expecting average monthly profits from this loan to reach 45,000 CFA francs. These profits will be used in part to pay off her loan's interest. She will reinvest the rest of the money in her business.

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Translated from French by Kiva volunteer Sophie Narayan

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