A loan of $1,125 helped to buy sacks of peanuts.

Assitan's story

Ms. Assitan Sidibé is 50 years old and lives with her seven children and her husband in a nuclear family in Sogomougou, one of the districts of the city of Koutiala (third administrative region of the Republic of Mali). Never having gone to school, as is true for most women of her age, she was initiated into commercial work at a tender age by her mother. Developing in the food sector, notably in selling peanut butter, she has much business sense, thanks to 30 years of experience accumulated through doing this work.

To obtain peanut butter, the peanuts are sorted, roasted in an oven (very often built locally), peeled, winnowed, and then taken to the mill (for converting into a paste). The peanut butter obtained in this way is then put into plastic buckets.

To expand her business, she decided to join the Soro Yiriwaso loan program four years ago. After four solidarity loans (group loans) that were all correctly repaid, she is on her third individual loan. She intends to use this loan to buy 1,000 kg of peanuts and 50 plastic buckets (for conditioning the peanut butter). She gets her supplies locally in Koutiala from wholesale merchants who stock grains. She sells her production at the retail level, cash or credit accepted, out of her home and with the difference public services, to customers generally composed of women (housewives and retailers) and salaried workers. Her business cycle (purchasing, production, and sales) is one month in length.

Because of the quality of her peanut butter, Ms. Assitan Sidibé enjoys a great reputation in this business of making peanut butter. She receives many orders, especially from retailers and from families wanting to stock up against price fluctuations. She intends to realize a profit of 90,000 francs per month that she envisions using for covering the loan interest and for helping with the day-to-day expenses of the family. In the future, her ambition is to open a shop to become a peanut butter wholesaler.

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Translated from French by Kiva volunteer Daniel Kuey

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