A loan of $700 helped to buy fabrics, shoes and bedsheets.


Korotoumou's story

Born in Bamako, Korotoumou is 36 years old, married and the mother of four children. She lives with her husband and her children in Koutiala, in the Sikasso region.

Korotoumou did not have the opportunity to attend school for many years, which explains her current interest in income-generating activities (such as buying and selling fabrics, shoes and others). She has actually been involved in this activity for several years and her goods are in high demand from her customers.

In order to increase the size of her business and to meet the needs of her customers, she decided to join the micro-finance institution Soro Yiriwaso over two years ago. This is her third individual loan; her past two loans were duly repaid.

With this new loan, she is planning to replenish her stock of goods and buy two rolls of fabrics, a dozen pairs of shoes and ten bedsheets. She stocks up in Burkina Faso and sells in the city of Koutiala, for cash or on credit, to a retail customer base which generally consists of women.

She is expecting monthly profits to reach 80,000 CFA francs. She will use these profits to pay back her loan, contribute to the daily expenses of her family, and, with the rest of the money, continue her activity.

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Translated from French by Kiva volunteer Sophie Narayan



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