A loan of $800 helped to buy and sell bread, shoes, and handbags.

Assitan's story

Mrs. Assitan C. is 33 years old and a married mother of 4. She lives in a monogamous family in the Pelengana Nord neighborhood in the city of Ségou (fourth economic region of Mali). After having attempted several business for years with her adoptive mother, she decided 5 years ago to specialize in buying and selling leather shoes, women’s handbags, and loaves of bread. In order to secure additional resources, she decided to turn to microfinance institution Soro Yiriwaso’s credit program (3 years ago) to be able to better satisfy the needs of her growing clientele. After having secured three group loans with an association in her neighborhood, she is now on her second individual loan. All of the preceding loans were properly repaid. She plans to use this loan to buy 1,000 loaves of bread, 40 handbags, and 40 pairs of shoes. She gets her handbags and shoes from Bamako (capital of the Republic of Mali) from artisans specializing in leather goods. She gets her bread from a bakery with which she has signed an exclusivity agreement. The bags and shoes are sold at home and at the big market in the city of Ségou (for cash or credit, traveling or on the spot) usually on Mondays, the market days (when sellers sell the most). Taking care of the special setup to sell bread, she sells her goods to men and women (principally villagers) who come to stock up in order to resell in their respective villages. She hopes to earn 30,000 CFA francs monthly, which will be used towards making loan payments and contributing to her family’s expenses – the rest will be invested in her business. Her dream is to become an importer-exporter in the future.

Translated from French by Kiva volunteer Sherry W.

Loan details

Lenders and lending teams

Loan details