A loan of $850 helped to purchase cereal grains.

Balla's story

Mr. Balla C. is 40 years old and he lives with his 4 children and his wife as a monogamous family in Dangassa. It is one of the villages in the Kati prefecture in the region of Koulikoro.

Balla C. did not have the opportunity to go to school. At a very young age he became interested in revenue-generating activities such as the buying and selling of cereal grains. He learned this trade from his maternal uncle, who was once a great cereal grains merchant.

In order to satisfy his every growing clientele, he decided to join Soro Yiriwaso (Kiva Field Partner). Following the successful repayment of the previous 4 loans, he is now on his fifth individual loan and he will use it to purchase 5 tons of cereal grains (corn, beans, millet, and fonio seed) from the producers in Dangassa and surrounding areas. He will store the grains until the products are sold in the market. He sells primarily in wholesale to a clientele made up of retailers who travel from large cities, such as Bamako.

Balla C. expects to earn a monthly income of 75.000 FCFA which will be used to repay this loan and the remaining portion will be reinvested into the business.

Translated from French

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Loan details