Total loan: $975
N'pana, , Mali / Wholesale
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Mamadou's loan finished fundraising,
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A loan helped to buy agricultural produce for warehousing and later sale to wholesalers.
Born in 1972 in M'pana, Mamadou lives with his four children and his wife in a traditional family in M'pana, one of the villages in Ouelessebougou's rural community, prefecture of Kati, (Koulikoro region, Republic of Mali). Mamadou did not have the good fortune to go to school. Early on, he became interested in money-earning activities, notably buying, warehousing, and selling cereals: maize, beans, millet, and fonio (a sort of millet). In the interest of satisfying his quickly growing clientele, he decided to collaborate with Soro Yiriwaso. After having correctly reimbursed his seventh individual warehousing-and-resale loan, Mamadou is on his eighth loan which will be used to buy 5 tons of agricultural produce of various kinds: maize, beans millet and fonio, from farmer growers in Faraba, Dracoro and thereabouts. He will store the produce for at least three months. He essentially sells wholesale to a clientele made up of resellers coming from big towns like Bamako and Ouelessebougou. Mamadou hopes to make an average monthly profit of 100,000 F CFA which will be used to reimburse the loan and invest in his business of warehousing and reselling cereals.