A loan of $400 helped to buy and re-sell pagnes (a type of West African clothing).

Bintou's story

At 34 years of age, Mrs. Bintou F. is the mother of four children and lives in a nuclear family with her husband and children in the Badialan area of the city of Fana in the prefecture of Dioiloa (in the Koulikoro region in the Republic of Mali).
For social reasons, she left school at the age of 14 to help her mother in domestic and business activities. After nine years working with her mother, Mrs. Bintou F. decided to establish her own business selling pagnes (a type of highly prized West African clothing).
To increase her stock and serve more customers, she decided to join the loan program of the microfinance institution Soro Yiriwaso, which she learned about through various connections in her neighbourhood.
After five group loans with an association in her area, she is seeking her third individual loan, and all her previous loans were repaid properly.
With this loan, she intends to buy 80 sets of 6 pagnes of different types. She supplies herself at the market in Bamako (the capital of Mali), in order to re-sell them at retail in cash or in credit in the town of Fana, to a clientele composed essentially of women.
She intends to realize a profit of 30,000 FCFA per month with this loan. This profit will allow her to meet the health and education costs of her children.

Translated from French by Kiva volunteer

Loan details

Lenders and lending teams

Loan details