A loan of $850 helped pour acheter de la friperie.

Drissa's story

Mr. Drissa Traoré is 36-year-old married and lives with his wife in large traditional extended family in Wayerma II, one of the popular neighborhoods of Sikasso (Third administrative region of the Republic of Mali).

Having not had the opportunity to attend school, Drissa developed an early interest for income-generating activities, particularly the retail of second-hand clothes that he has done for nearly 20 years. He learned this business from his father who was a known seller there. He is very much in demand by his customers because of the quality of his articles.

In order to meet the ever-increasing demand of his customers, two years ago he decided to join the microfinance institution Soro Yiriwaso. This is his third individual loan with them. All his previous loans have been fully reimbursed.

With this third loan he is planning to buy second hand clothes: 1 bale of bathing suits, 1 bale of underpants, 1 bale of shirts, 1 bale of bras, 1 bale of socks. The bales of clothes are bought on the spot from wholesalers and sold retail mostly for cash to customers who are women and men.

With this loan he is planning to make a monthly profit of 150, 000 Francs CFA which will be used mostly to increase his working capital, contribute to the family’s expenses and invest the rest in his business.

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Translated from French by Kiva volunteer Veronique Fourment

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