A loan of $425 helped purchase of "pagnes" and bedsheets for re-sale.


Penda's story

Mrs. Penda D. is a divorcee aged 40, mother of three children, who lives in Sanankoroba, a village situated 20 km from Bamako (the capital of Mali) where she is a social worker in the SOS children's village. Sanankoroba is situated in the second administrative region of the Republic of Mali.

Penda sells "pagnes" (lengths of brightly colored African print cloth), bedsheets, fabrics, etc. In her search for complementary financial resources, she decided to join the micro-finance institution Soro Yiriwaso.

She is on her first individual loan after having correctly reimbursed three group loans (solidarity loans) and with this loan she intends to buy 35 "pagnes" and 15 sheets.

She does her buying at the market in Bamako, then sells for cash and credit in Sanankoroba. She hopes to make an average monthly profit of 55,000 F CFA so that she can not only reimburse the loan but also invest in her business and contribute to family expenses.

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Translated from French by Kiva volunteer Teresa Kramer



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