A loan of $400 helped to buy clothes and shoes.

Fatoumata's story

Fatoumata is 33 years old, married, and mother of two children. She lives in a nuclear family in the Bagadadji neighborhood of Ségou (fourth-largest administrative region in the Republic of Mali).

She is a teacher by profession and, in addition, she carries out revenue-generating activities that were started by her mother, who sold many different items (condiments, incense, fruit juice, clothes, and shoes). After several years working alongside her mother, she decided to run her own business of buying and selling shoes and clothes. She has been running this business for ten years now and has a good amount of experience as well as many clients. She is able to sell a lot of goods thanks to the high quality of her merchandise.

She is seeking this loan with a view to helping her satisfy her clients. After four group loans and five individual loans, all of which were correctly repaid, she is now on her sixth individual loan, which she plans to use to buy 10 pagnes and 3 crates of shoes. She stocks up in Bamako.

Fatoumata sells her goods for cash or for credit to a mixed clientele. With this loan, she plans to earn a monthly profit of 60,000 FCFA, which will enable her to repay her loan and continue to run her business.

Translated from French by Kiva volunteer Holden Ferry

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