A loan of $450 helped purchase of used clothing for re-sale.

Kadiatou's story

Mrs. Kadiatou Diakité, 27, lives with her two children and her husband in a monogamous family in the Heremakono Nord neighborhood of the town of Bougouni (Bougouni Prefecture, third economic region of the Republic of Mali.)

Having abandoned her studies early for societal reasons, she tried several different money-earning activities without success and ended up specializing for the past 8 years in selling fairly used clothing. She learned this business from a friend.

In her search for complementary financial resources, Mrs. Kadiatou Diakité decided to join the credit program of the micro-finance institution Soro Yiriwaso with whom she is having her first experience as a borrower.

She intends to use this loan to buy three bales of used clothing of different sorts (for children, sheets and napkins). She runs her business out of her home in Heremakono Nord and at the market in Bougouni on Thursday market days. She has a clientele essentially composed of women and of hotels and works at this business all year round.

She generally buys her merchandise in Bamako (capital of the Republic of Mali) from companies that import used clothing and in the Republic of Burkina Faso.

Mrs. Kadiatou Diakité hopes to make a monthly profit of 50,000 FCFA which will be used to pay the interest on the loan and to help her husband cover family expenses (health, education, food, etc.). She will reinvest any remainder in her business.

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Translated from French by Kiva volunteer Teresa Kramer

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