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


Sanata's story

Mrs, Sanata is about 59 years old. She's married and the mother of six children. She lives in Koutiala with her husband. She never had a chance to attend school, which is why she's been relying on trade since her youngest age. She's been preparing and selling "Soumbala" (a condiment made out of beans, widely-used in West Africa). She's very much in demand from her clientele, and gets important orders from many different parts of Mali. Her business is therefore very promising. To increase her working capital in order to meet customer demand and expand her business, she joined Kiva' partner, the MFI Soro Yiriwaso, eight years ago. She already benefited from group loans (solidarity loans) and is now seeking her sixth personal loan. Previous loans were repaid without problems. With this loan, she intends to buy fifteen 100 kg sacks of soy from cereals warehouses in Koutiala. She transforms the soy into "Soumbala" that she sells in Koutiala, Bamako and Kayes, for cash and often on credit, to a clientele comprising mostly women. With this loan, she counts on a monthly profit of XOF 100'000 (ca US$ 200) that she intends to use to repay the loan and help improve her family's standard of living. She will reinvest the remainder in her business.

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Translated from French by Kiva volunteer Patrick Stadelmann



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