A loan of $675 helped to buy damask, caustic soda, and dyes.


Maimounata's story

Ms. Maimounata D. is a married woman, 29 years old, and the mother of two children (a boy and a girl). She lives with her husband and their children in Hamdallaye, one of the working-class districts of the city of Sikasso (third administrative region of the Republic of Mali).


After having done several kinds of work unsuccessfully, she got introduced two years ago to the dyeing of cloth in Sikasso from a local woman in that trade. She enjoys a solid reputation in this work and receives many orders, especially for ceremonies (marriages, baptisms, holidays, etc.).


Her working capital being unable to help her meet the needs of her customers, she requested the collaboration of the micro-finance institution Soro Yiriwaso seven years ago. She is now on her sixth individual loan after four solidarity loans, all correctly repaid. She plans to buy seven lengths of white damask cloth, five bags of caustic soda, and eight boxes of dyes of different colors. Supplies of the raw materials are gotten locally from wholesale merchants. The damask receive their coloring before being sold, cash or credit accepted. Her potential clients would be retailers of dyed damask, clothiers, and women in her area.


She has the intention of realizing an average monthly profit of 200,000 francs CFA that will be used to cover personal expenses, to go towards family expenses by helping her husband, to repay the loan interest, and to bolster her dye business.

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Translated from French by Kiva volunteer Daniel Kuey



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