A loan of $1,025 helped to buy various food products.

Famory's story

Famory is 29 years old, married, and has two children. He lives in a traditional extended family in Wayerma, one of the working-class districts of the city of Sikasso.

Famory started buying and selling various food products (mineral water, beverages, cookies, deodorant, Malitel/Orange calling cards, etc.) about five years ago, after having pursued several other activities unsuccessfully, particularly selling fuel. Three years ago, he decided to join the micro-finance institution, Soro Yiriwaso, to satisfy his ever-growing customer base. He is on his seventh individual loan. The previous loans were repaid correctly.

This new loan will allow him to buy 55 boxes of mineral water, 35 packages of NBB beverages, 15 boxes of cookies, 10 boxes of deodorant, and 800 Malitel/Orange calling cards. He buys his goods through local wholesalers and through representatives of the two telecommunication networks, then resells them in bulk or in smaller quantities to a wide range of customers.

With this loan, he plans to earn an average monthly profit of 120,000 FCFA, which will be used to contribute to family expenses and pay the interest on his loan. The rest will be reinvested into his business.

Translated from French by Kiva volunteer Holden Ferry

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Loan details