A loan of $475 helped to buy children's clothing, Wax pagnes, and shoes.

Mahman's story

Ms. Mahman Sangaré is 44 years old and lives with her seven children and husband in a traditional extended family (in-laws: father, mothers, brothers, and sisters) in the Pelengana Sébénikoro district of Ségou (fourth administrative region of the Republic of Mali). After several unsuccessful attempts at a diploma of basic studies, she tried many income-generating activities but ended up doing commerce in children's clothing and in Wax pagnes (highly valued cloth in West Africa). In addition, she trades in shoes and jewelry (bracelets, earrings, and chains generally called guaranteed in Mali).

Concerned about maintaining her large and growing customer base, she decided to join the Soro Yiriwaso loan program, with which she has had an association for three years. She is on her second individual loan following four group loans (solidarity loans with an association in her district), which were all repaid without difficulty.

With this loan, she intends to buy: 34 children's outfits, 10 pieces of Wax pagnes, and 10 pairs of shoes locally in Ségou and at the grand marketplace of Bamako (capital of the Republic of Mali). This stock will be gotten from wholesale merchants. With a customer base essentially composed of women, she makes her sales in cash at the retail level and also on credit, payable monthly for enterprises, from district to district and out of her home.

Ms. Mahman Sangaré intends to realize a monthly profit of 50,000 francs CFA, which will enable her to increase the size of her business and to cover the expenses of her extended family. Her ambition is to acquire a plot of land for building a house.

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Translated from French by Kiva volunteer Daniel Kuey

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