A loan of $400 helped to purchase Wax 'pagne' cloth and plasticware.


Mani Fane's story

Ms. Mani is 55 years old, married, and the mother of six children. She resides with her husband and their children in a nuclear family in Hamdallaye, a working-class district in Sikasso City. After having run many businesses without success, Ms. Mani became familiar with this business of buying and selling Wax 'pagnes' (the colorful cloth of western Africa) and plasticware (buckets, basins, cups, etc.) over three years ago. She purchases her goods in Bobo (Burkina Faso) and then resells them door to door in her district, at the big market, and at the Médine market. Her customer base is composed essentially of housekeepers. She is much in demand by her customers for the quality of her goods.

To satisfy her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso over a year ago. She is now on her third individual loan. The two previous loans were correctly repaid.

This third individual loan will enable her to purchase 15 lengths of Wax 'pagne', 4 dozen basins, and 10 dozen buckets.

With this loan, she envisions making a monthly profit of 90,000 francs CFA that will be used to help cover family expenses and to pay the loan interest, and the rest will be invest in her business.

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Translated from French by Kiva volunteer Daniel Kuey



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