A loan of $625 helped to buy vegetable oil.

Houleye's story

Madam Houleye D. is 47 years old, a widow, and lives in the house of her deceased husband with her children in Sanoubougou II, one of the working-class districts of the city of Sikasso (third administrative region of the Republic of Mali). She got started in this commerce selling vegetable oil ten years ago. She works at home and at the marketplace in her district where she has a spot.

To satisfy her burgeoning customer base, she decided to collaborate with the micro-finance institution Soro Yiriwaso five years ago. After four solidarity loans (group loans), all correctly repaid, with a women's association in her district (Association JEKAFO de Sanoubougou II) , she is now on her fifth PIC (an individual merchant loan).

She intends to use this loan to buy two barrels of vegetable oil from different oil suppliers locally and then resell them retail. Ms. D. sells her goods to customers composed of women, cash or credit accepted. She envisions realizing a monthly profit of 100,000 francs CFA, which will be used essentially to help cover family expenses, to pay the loan interest, and to invest the rest in her business.

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Translated from French by Kiva volunteer Daniel Kuey

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