A loan of $825 helped purchase of wood to make rafters, planks; purchase of plywood, etc.

Diakalia's story

Mr. Diakalia Traoré, 38, is married and the father of four children. He lives with his wife and their children in a big traditional extended family in the Bougoula Ville district, in downtown Sikasso (third administrative region of the Republic of Mali).

Not having been able to attend school, Diakalia started up a carpentry business early on, together with his father who was a licenced master, well-known and much in demand in Sikasso. After some years of working together, Diakalia decided to set himself up alone. With his great experience, he receives lots of orders, but his finanacial means are not sufficient to satisfy all the ever-growing needs of his clientele. He decided to join the micro-finance institution Soro Yiriwaso about two years ago. He is on his second individual loan after having reimbursed the first without difficulty.

With this loan he intends to stock up on construction wood with a truckload of 10 tons of rafters and boards and a half-load of plywood. He buys this wood in surrounding localities (Tinkrela, Denderso, Lobougoula, etc.) before sawing it and bringing it to Sikasso to make frames, furniture, benches, picnic tables, chests of drawers, chairs, etc. for sale.

With this loan he hopes to make a monthly profit of 250,000 F CFA which will be used to increase his working capital, contribute to family expenses, and pay the interest on his loan, investing any remainder in his business.

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Translated from French by Kiva volunteer Teresa Kramer

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