A loan of $1,075 helped purchasing used spare parts.

Daouda's story

41 years of age, Mr. Daouda C. has two wives and five children, and lives with his family in the Darsalam I district in the Koutiala Prefecture (Sikasso Region).

Due to family difficulties, he has not been able to continue secondary studies, and very early started earning a living alongside his father.

This activity is profitable and brings him quite a bit of income as each months he receives many orders for spare parts and car glass. In order to better satisfy this customers’ needs and to expand his business, Mr. Daouda has turned to the microfinance institution Soro Yiriwaso, and is now on his first loan.

This loan will allow him to purchase some used spare parts in Lomé. He sells his wares in the town of Koutiala to a customer base composed of both women and men, for cash and on credit.

By expanding his business, Daouda plans to achieve a monthly income of 150,000, which will be used to repay his loan, take care of the family needs and reinvest the remainder n his business.

He plans is to repay this loan properly in order to be able to obtain another one subsequently and continue growing his business.

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Translated from French by Kiva volunteer Katharina S

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