A loan of $425 helped achat de céréales.

Dossolo's story

Born around 1971 in San, in the prefecture of San, Mr. Dossolo M. did not have a chance to excel in academic studies (having left school in 8th grade of general studies, as per Mali educational system), and so he turned his attention to making a living, more specifically selling cereals. He has two wives and is the father of five children. He lives in his own home in Sienso, in the San prefecture. He masters the cereals business, having learned it from his father some twenty years ago. He has his own business in Sienso. He is very much in demand at the weekly markets of the town of San and nearby areas.

With the goal of expanding his business, two years ago he decided to seek assistance from the microfinance institution Soro Yiriwaso. He is on his second individual loan.

Mr. Dossolo plans to purchase 1 ton of rice paddy, 2 tons of small millet and 0.5 tons of millet. He buys his stock form wholesalers of Sienso, but with the increased working capital he plans to go directly to farmers to stock up. He sells in Sienso everyday, next to the asphalted road, to a client base composed of women and men, on credit and for cash. He expects to achieve a monthly income of 40,000 West African Francs, which he plans to use for repaying the loan, with the rest used to cover school fees of his children and food. The rest will be reinvested in his business. He has his sights set on increasing his next loan in order to improve his life conditions.

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Translated from French by Kiva volunteer Katharina S

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