A loan of $975 helped buy electronic appliances.


Abdoulaye's story

Born in 1963 in Tiby, in the San Prefecture, Abdoulaye Yaré did not have the opportunity to excel in school, so he embraced revenue-generating activities at an early age. He is married and the father of 12 children. He lives at home in the Dabani borough of the San Prefecture (4th administrative region of the Republic of Mali).

Over 20 years ago, he opted for the commerce of televisions and related accessories, a business he learned from his older brother. For the past ten years he has been running his own business at the main market in San. He is in high demand, particularly during the weekly market fairs in San and surrounding areas.

To diversify his activities, he decided two years ago to call upon the Soro Yiriwaso MFI. He is requesting a third individual loan, having fully reimbursed the two preceding ones. Mr. Abdoulaye will use this loan to buy different televisions, DVD and VCD players (with 14, 21, and 26-inch screens).

He used to get his supplies from wholesalers in San, but as he increased his working capital, he now would like to go as far as Lomé (the capital of Togo). He sells in his shop at San’s main market and in weekly market fairs, to a customer base of both men and women, for cash or credit.

He is hoping to attain monthly earnings of 175,000 FCFA he will use to reimburse the loan, pay his children’s tuition fees, buy food, and reinvest the remainder in other revenue-generating activities.

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Translated from French by Kiva volunteer René McConnell



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