A loan of $1,025 helped purchase of hardware for re-sale.

Youssouf's story

Mr. Youssouf Berthé, 37, is married and the father of 3 children. He lives with his wife and their children in a big traditional extended family in Sanoubougou 1, one of the working class neighborhoods of the town of Sikasso (third administrative region of the Republic of Mali).

Mr. Berthé is a trained mechanic, a trade he learned from his garage-owning father. Besides mechanics, he started selling hardware to earn a living. Slowly but surely he abandoned mechanics in favor of selling hardware. Now he has a hardware store situated at the big market in Sikasso. He has been in business for more than 5 years. He is much in demand with his clientele because of the quality of his merchandise.

In order to satisfy his ever-growing clientele, he decided to join the micro-finance institution Soro Yiriwaso with whom he is on his first individual loan. With this first loan he intends to buy 15 saws of varying sorts, 4 cases of light bulbs (economical kind, neon, etc.), 10 pots of glue, 15 cases of rods, 15 cases of paint, 50 meters of wire, 5 shovels, 5 pick axes, etc. The merchandise is bought in Lomé to be sold in the hardware store, retail, to a clientele composed mostly of contractors building houses (architects, entrepreneurs, masons, etc.)

He expects to use this loan to make a monthly profit of 300,000 F CFA which will be used to increase his working capital, contribute to family expenses, and pay the interest on the loan, investing any remainder into his business.

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Translated from French by Kiva volunteer Teresa Kramer

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