Drame Mamadou

Thank you for your loan. It has been disbursed to DRAME MAMADOU by Afrique Emergence & Investissements in Cote D'Ivoire. We are excited to watch this business grow. Over the next 15 - 21 months, Afrique Emergence & Investissements will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Dear Lender,

This is an update on your loan to DRAME MAMADOU in Côte d’Ivoire.

Before providing more information about this entrepreneur, we want to let you know that Kiva has terminated its partnership with the Field Partner Afrique Emergence & Investissements (AE&I), who managed this loan. Kiva has collected all outstanding funds, relating to this loan, from AE&I. To learn more about why Kiva has terminated this partnership, visit AE&I’s Field Partner page at: http://www.kiva.org/about/aboutPartner?id=53.

Please read the journal written by Kiva Fellow Megan Berwick for more information about the entrepreneur that you supported.

Drame has an organized and well-stocked general food store in the Port Bouet meatpacking district of Abidjan. He supplies the ingredients for many of the women who run restaurants that cater to the men who work at the slaughteryards, meat preparation and butcher shops.

He would like to augment the stock for his store, and not only be able to diversify the products he offers, but purchase more of them in bulk. For example, cooking oil costs 150,000 CFA for a barrel of 200 liters. Drame requested a loan for 200-250,000 CFA from AE&I but was approved only for a credit of 50,000 CFA, which he declined. For this reason, he currently only has a savings account, to which he contributes 1000 CFA/day. He will wait until he has enough in savings to purchase a barrel of cooking oil at a bulk price, which will help him improve his margins.

Thank you for helping to change the lives of borrowers around the world with Kiva.

Sincerely,

The Kiva Team