A loan of $1,025 helped to buy and resell medications.


Fatoumata's story

Mrs. Fatoumata Traoré, age 48, is married and the mother of 5 children. She lives with her husband and her children in a monogamous family in the village of Dialakoroba (second administrative region of the Republic of Mali). She attended school up to high school, before abandoning her studies to get married. Afterwards, she was trained in healthcare for mother and child, which enabled her to get to know medications better in order to sell them. To bolster her business, she joined the microfinance organization Soro Yiriwaso, from which she obtained 4 group loans (solidarity loans) and 3 individual loans. She's now seeking her fourth individual loan. All previous loans were repaid without problems. With this loan, she intends to buy every month large quantities of pharmaceutical products in Bamako, at the governmental pharmacy, in order to resell them in the health center of her village, where she's managing the pharmacy. She foresees an average monthly profit of XOF 110'000 (ca US$ 220), to be used to repay the loan and help with the family expenses.

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Translated from French by Kiva volunteer Patrick Stadelmann



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