A loan of $1,050 helped to purchase household goods.


Mamadou's story

Mamadou C., 38, is married with two children, he lives with his wife and children in a large traditional family with his parents and brothers in Wayerma, an outlying district of the city of Sikasso (third regional administration of the Republic of Mali).
Mamadou C. grew up in the business of hardware, since his father started this family business. So he has a very good knowledge of the business, but he does not have the means to respond to the growing demand of his customers. He decided to join the microfinance institution Soro Yiriwaso and from them he is receving his second loan; the previous one has been fully repaid. This loan will allow him to buy 15 paint cans of 4kg each, 14 cartons of energy-saving bulbs and some units of glue sticks, yarn, bleach, sleet, circuit breaker, etc.. His purchases are made in Ghana and Ivory Coast and he resells the products in detail in his hardware store to customers, generally home builders such as architects, contractors, masons, etc..
He expects to make through this loan a monthly profit of 270 000 FCFA which will be used primarily to improve his business, to contribute to family expenses and to pay interests on the loan.

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Translated from French by Kiva volunteer MONICA URBAN



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