A loan of $1,100 helped to buy spare parts.


Saibou's story

Mr. Saibou Touré, age 37, lives with his child and wife in a nuclear family in the Niebala district of the city in Bougouni prefecture (Sikasso region). Not having had modern schooling, he started earning an income when very young, although without success, such as in the sale of motorbikes in Bamako (capital of the Republic of Mali). A few years later, he returned to learn from his uncle, who is a seasoned merchant in Bougouni, how to buy and sell spare parts. With five years of experience, Saibou has a good command of his business and opened a shop for spare parts, lubricants, etc. His shop is busy. To satisfy his customers better, Saibou decided to join the micro-finance institution Soro Yiriwaso and is now on his second individual loan, after having repaid his first one. He intends to buy some spare parts in Bamako from wholesalers. He makes his sales in Bougouni in his shop, cash or credit accepted, to customers composed of vehicle owners, repairmen, and mechanics. He plans to realize a monthly profit of 58,750 francs CFA that he envisions using to build a house, to expand his enterprise, and to cover family expenses.

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Translated from French by Kiva volunteer Daniel Kuey



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