A loan of $950 helped buy merchandise for his hardware store.

Mamadou's story

Mr. Mamadou C. is 38 years old, married and the father of two children. He lives with his wife and children, along with his parents and his brothers, in a large traditional household in Wayerma I, one of the boroughs on the outskirts of Sikasso (third administrative region of the Republic of Mali).

Monsieur Mamadou C. was born and raised in a hardware store environment, as this has been the source of the family’s income since his father’s days. He knows the hardware retail business quite well but lacks the financial means to satisfy his increasing number of customers. He decided therefore to join the Soro Yiriwaso MFI where he is requesting a first loan.

The loan will serve to buy: 13 4-liter cans of paint, 15 cartons of energy-saving light bulbs, a few packs of glue, welding rods, wire, crésyl (disinfectant), circuit breakers, etc. He gets his supplies from Ghana and Côte d’Ivoire before reselling them retail in his hardware store, to customers who are for the most part architects, building contractors, masons, etc.

The loan should help him attain monthly earnings of 250,000 FCFA, which will be used mainly to increase his working capital, contribute to family expenses, and pay off his loan.

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Translated from French by Kiva volunteer René McConnell

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