A loan of $1,025 helped to purchase sacks of peanuts.

Assitan's story

Assitan is 53 years old, married, and the mother of seven children. She lives with her husband in Koutiala City. She did not have the chance to be educated, and so she became interested in commerce at an early age. She learned about commerce from her mom. After having run several revenue-generating businesses, she has now opted for selling peanuts, peanut butter, soaps, cakes, etc.

To increase her business capital, so as to expand her business, Assitan turned toward the microfinance institution Soro Yiriwaso seven years ago. She has taken out four loan from an association (solidarity loans), all properly repaid, and she is now on her 9th individual loan, of which the preceding eight were indeed paid back.

With this financing, she intends to purchase 6 sacks of peanuts from Koutiala grain and grocery suppliers. Accepting cash and sometimes credit, she makes her sales out of her home to a customer base composed generally of women.

With this financing, she is planning on a monthly profit of 80,000 francs CFA that she envisions using for repaying Soro the interest and helping to improve her family's living conditions. For the future, Assitan plans on expanding her business in other directions.

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Translated from French by Kiva volunteer Daniel Kuey

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