A loan of $525 helped to buy high-grade pagnes [traditional cloth], sheets and embroidered fabrics.

Fanta Mahine's story

Fanta Mahine was born in November 1979 in Bamako. She is single, and lives with her older brother as part of a traditional family in Wayerma I, a popular neighborhood in the town of Sikasso (located in the third-largest administrative region of Mali). For about five years she has worked buying and selling high-grade pagnes [traditional wraparound cloth], sheets, embroidered fabrics, and similar items. She works from home and on the streets of Sikasso, where she is in great demand among her customers due to the quality of her products.

To meet the needs of her ever-growing customer base, Fanta Mahine decided to join the Soro Yiriwaso microfinance institution five years ago. After several group loans as part of a local women's association, she is now on her fifth individual loan. She plans to use the loan to buy 25 lengths of pagne, 10 sets of embroidered fabric and 20 pairs of sheets. Fanta Mahine buys her merchandise locally and in Bobo Dioulasso (in Burkina Faso), before reselling her products on the street on a cash and credit basis. Her customers are mainly female. She has repaid her prior loans without incident.

With this loan Fanta Mahine hopes to make a monthly profit of 60,000 francs CFA, which she will use to increase her working capital, contribute to covering the family expenses, and pay the interest on her loan.

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Translated from French by Kiva volunteer Paul Lambert

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