Total loan: $975
Kolondièba, Sikasso Region, Mali / Retail
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A loan helped to buy phone credit, prepaid charge cards and smart cards for mobile phones.
Youssouf was born in May of 1983 in Kolondièba, one of the prefectures in the third administrative region of Mali. Youssouf is 31 years old and has two children. Youssouf lives in Kolondièba in a traditional family environment. Youssouf quickly became interested in revenue-generating activities, notably the buying and selling of charge cards and smart cards, and mobile phone credit transfer services. He does his business in Kolondièba and the surrounding areas. Bolstered by his 4 years experience in this domain, he is working with Soro Yiriwaso in order to expand his business so that he can satisfy his growing clientele. This is his 5th loan and he has properly repaid the four previous loans. Youssouf plans to use his loan to buy 400 000 francs worth of phone credit wholesale, 30 smart cards, 10 1000-franc prepaid charge cards and 5 2000-franc prepaid charge cards. He gets his supplies in Bamako and makes his sales for cash and occasionally credit to a varied clientele. Youssouf hopes to make an average monthly profit of 120 000 francs, part of which will be used to meet his family's needs and repay the loan and part of which will be reinvested in his business.