A loan of $425 helped purchase of bags of peanuts.

Koniba's story

Mrs. Koniba D., 30, lives with her husband and 4 children in a monogamous family in the Darsalam neighborhood of Ségou (fourth administrative region of the Republic of Mali.)

She left off her studies very early on, when she was in 7th grade, to take care of her handicapped mother. She began working to earn income: selling packaging materials in the market (to cover daily expenses), and later on selling cakes. After these commercial ventures, she decided 6 years ago to specialize in selling peanut butter. She has a great reputation and her principal customers are teachers who place an order with her every month and Malians living outside their country, especially in France, who frequently send her orders.

To make her peanut butter, she sorts through the shelled peanuts then roasts the peanuts before grinding them in a mill. After this is done, she puts the peanut butter in buckets containing 5 kg, 10 kg, or 20 kg.

Looking to expand her working capital so as to keep up with ever-growing customer demand, she became a member of Soro Yiriwaso, a micro-finance institution with whom she is presently requesting her first loan. She intends to purchase 8 sacks of peanuts directly from the producers in the Kita area (the peanut capital of Mali).

Mrs. Koniba D. sells on both a cash and a credit basis to a clientele composed principally of salaried employees. With this loan, she expects to make a monthly profit of 50,000 F CFA which will permit her to help her husband out with family expenses. Her dream is to be able to build a house.

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Translated from French by Kiva volunteer Teresa Kramer

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