A loan of $325 helped to buy oil and spaghetti.


Assetou's story

At 34 years old, Assetou is married and a mother of four children. She lives in a large, traditional extended family with her husband and children in Kaboïla II, one of the popular neighborhoods in Sikasso, the third administrative region of the Republic of Mali. Assetou, after having tried many types of work without success, started buying and selling edible oils and spaghetti more than two years ago. She runs this business from her home. She is highly sought after for her quality products, which she buys at wholesale and then resells at retail. To satisfy her customers, who continue to grow in number, she decided to join the micro-finance institution Soro Yiriwaso two years ago. She is now on her fifth individual loan, and all her previous loans have been repaid correctly. With her experience in this business, Assetou sells her goods for cash and credit to generally female customers. With this fifth loan, she plans to buy 10 cans of oil and 10 boxes of spaghetti of different quality from wholesalers. She hopes to earn an average profit of 35,000 francs CFA, which she will use to increase her business funds, help with her family's expenses, and pay the interest on the loan.

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Translated from French by Kiva volunteer Lindsay Ferrara



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