A loan of $1,100 helped to buy various goods: sugar, sorghum, and rice.

Amidou's story

Mr. Amidou S. is 41 years old, married, and the father of six children.  He lives with his family in Noumousso, a district in the city of Kadiolo (in the 3rd administrative region of the Republic of Mali). 

Mr. S. has been in commerce for six years.  He cleared his own way and now has a shop where he sells various consumer goods, in addition grains.  Experienced and credible, he runs his business with wisdom and serves his ever-growing customer base. 

To satisfy his more and more numerous customers, he is collaborating with the micro-finance institution Soro Yiriwaso.  He is on his fifth individual loan.  All his previous ones were settled.  With the present loan, he intends to buy thirty 50-kg sacks of rice, five 100-kg sacks of sorghum, and ten 50-kg sacks of sugar.  He stocks up in Kadiolo and then sells these goods retail to customers composed men, women, and particularly civil servants.

With this loan, he envisions realizing a monthly profit of 80,000 francs CFA that will be used essentially to increase his business fund, to help with family expenses, to cover the loan interest payments, and to invest the rest in his business.

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Translated from French by Kiva volunteer Daniel Kuey

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