A loan of $800 helped to purchase clothing.

Mariam's story

Born around 1975 in Sikasso, Ms. Mariam is a widow and the mother of three children. She resides in her deceased husband's home with her children in a nuclear family located in Wayerma, in Sikasso City (3rd administrative region of the Republic of Mali). After several unsuccessful businesses, Ms. Mariam was introduced to small-scale commerce over ten years ago and particularly in the buying and selling of clothing, handbags, embroidered cloth, 'pagnes' (the colorful cloth of western Africa), etc. She purchases her merchandise in Bobo Dioulasso (Burkina Faso) and then resells it from her spot at the big market of Sikasso where her merchandise is much in demand by her customers (composed essentially of housekeepers retailers at the market) for its quality.

Concerned about further satisfying her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso and is now on her first loan. Thus, she is requesting this loan to increase her business capital for buying: 30 lengths of Wax 'pagne' cloth, 20 sets of embroidered fabrics, and 20 handbags.

She envisions making a monthly profit of 100,000 francs CFA that will be used to help cover family expenses and pay the loan interest. And the rest will be invested in her business.

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Translated from French by Kiva volunteer Daniel Kuey

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