A loan of $1,075 helped to buy lumber.

Diakalia's story

Mr. Diakalia T. was born on January 26, 1971 in Sikasso. He is married and the father of five children, and he resides with his wife and their children in a large traditional extended family in the Bougoula Ville district, the downtown of Sikasso City (3rd administrative region of the Republic of Mali). He became familiar with woodworking at a young age from his father, who was a well-known master craftsman. He is much in demand by the people of Sikasso.

With major experience in his domain, Diakalia receives many orders, but the means he has at his disposal are insufficient to satisfy further all these needs, which are increasing continuously. So he decided to join the micro-finance institution Soro Yiriwaso about three years ago and is now on his third individual loan. This new loan will be used to buy one and a half 10-tonne truck loads of rafters and planks and a half load of plywood.

He buys his lumber in surrounding towns (Tinkréla, Denderso, Lobougoula, etc.) and then cuts them up and brings them to Sikasso for making furnishings, benches, tables, desks, and chairs for resale.

With this loan, Diakalia envisions making a monthly profit of 300,000 francs CFA that will be used essentially for increasing his business capital for expenses, to help with family expenses, and to cover the loan interest. The rest will be invested in his business.

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Translated from French by Kiva volunteer Daniel Kuey

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