A loan of $625 helped purchase of sewing machines for re-sale.

Almoudou's story

Mr. Almoudou Traoré, 44, is married and the father of 4 daughters. He lives with his family in Médine, one of the working class neighborhoods of the town of Sikasso (third administrative region of the Republic of Mali).

Not having had the opportunity to advance in school, he began at a young age to learn tailoring from his uncle in Sikasso. His workshop is located in the big open-air market of Sikasso and most of his clientele is composed of men and especially of itinerant merchants. With his vast experience in the activity, he has the total confidence of the guild of tailors which has earned him the presidency of the Tailors' Guild of Sikasso (Comité de Surveillance de l’Association des Tailleurs de Sikasso--A.T.S.) Besides tailoring, he buys sewing machines in Lomé (Republic of Togo) to re-sell them to the tailors of Sikasso.

With the desire to satisfy his ever-growing orders for sewing machines more fully, he came to the micro-finance institution Soro Yiriwaso, and he is on his first individual loan which will permit him to buy 10 sewing machines.

With this loan, he expects to make a monthly profit of 200,000 F CFA which will allow him to cover most of his personal expenses, contribute to family expenses, pay the interest on his loan, and invest any remainder into his workshop.

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Translated from French by Kiva volunteer Teresa Kramer

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