A loan of $500 helped to buy 15 lengths of Wax pagnes (colorful African cloth), 10 embroidered suits, and 10 handbags.

Anchata's story

Mrs. Anchata was born circa 1983 in Sikasso. She's married and the mother of three children. She lives with her husband and their children in a nuclear family in Sanoubougou I, an outlying neighborhood in Sikasso.

After unsuccessfully trying several businesses, she started her retail business six years ago. She buys and sells clothing such as Wax pagnes (colorful African cloth) and embroidered fabrics, as well as other items such as handbags.

She gets her supplies in Bobo Dioulasso (Burkina Faso) and resells at her spot at the local market. Thanks to their quality, her products are in high demand from her clientele, which comprises mostly housekeepers and market sellers.

Eager to better meet an ever-increasing customer demand, she decided one year ago to join Kiva's partner, the MFI Soro Yiriwaso. She's now seeking her second loan in order to bolster her working capital and buy 15 lengths of Wax pagnes, 10 embroidered suits, and 10 handbags.

Thanks to her loan, she intends to turn an average monthly profit of XOF 70'000 (ca US$ 140), to be used mainly to contribute to the family's expenses and pay the interests on her loan. She will invest the remainder in her business.

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Translated from French by Kiva volunteer Patrick Stadelmann

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