A loan of $1,000 helped to buy firewood and charcoal.

Fatoumata's story

Married and the mother of five, Fatoumata is 45 years old and lives in a polygamous family with her husband in children in the Koko district of Koutiala prefecture (Sikasso Region). For social reasons, Fatoumata did not have an opportunity to receive an education, which is why she started earning a living from an early age on. After having tried various business activities without success, some years ago she ended up launching a business buying and reselling firewood and charcoal. In order to satisfy the volume of customer demand and expand the business, three years ago she decided to reach out to the Soro Yiriwaso microfinance institution. She is on her 6th individual loan, and the prior loans have been duly repaid. With this lad, she plans to buy three loads of firewood and one load of charcoal in villages near the town of Koutiala. She sells in front of her home to a customer base composed of both men and women, for cash and on credit.

She plans to achieve an average monthly revenue of 100,000 West African francs, which she plans to use to pay off Soro Yiriwaso’s interest, help provide for everyday household needs, and reinvest the rest in other business projects. She counts on Soro Yiriwaso financing in order to be able to expand her business.

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Translated from French by Kiva volunteer Katharina S

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