A loan of $1,025 helped to buy soybeans.


Tintina's story

Tintina is about 58 years old, married, and has three children. She lives with her husband in a polygamous household in the city of Koutiala.
Tintina did not have the chance to attend school, which is why she began working at an early age. She has run her current business (preparing and selling sumbala, a fermented paste used as a condiment) for several years - sumbala is an essential condiment for Malian women. Tintina is highly sought-after by her clientele, since she receives significant orders throughout the regions of Mali, and for this reason her business is very promising.
To increase her capital in order to satisfy her customers and expand her business, she sought a partnership with the microfinance institution Soro Yiriwaso seven years ago. She has obtained group (solidarity) loans, and she is on her sixth individual loan, all the previous ones having been repaid without difficulty. With this new loan, she intends to buy fifteen 100-kg bags of soybeans from the cereal vendors in Koutiala. After preparing sumbala, she makes her sales in Koutiala, Bamako, Kayes, and other cities, in cash and often on credit to a clientele composed generally of women. She intends to earn a monthly profit of 125,000 FCFA with this loan, which she will use to repay her debt, contribute to the improvement of her family's standard of living, and invest in her business.

Translated from French by Kiva volunteer



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