A loan of $650 helped to buy mobile phones and accessories.


Monzon's story

Mr. Monzon B. is a 23-year-old man who is unmarried and living in his older brother's place in Bougouni, in the Médine district. Having dropped out of school early, he soon started a revenue-generating business buying and selling mobile phones and accessories. He learned about this work from his uncle. With five years of experience, he has mastered his business.

To obtain substantial working capital, Monzon decided to join the micro-finance institution Soro Yiriwaso and is now on his first [loan] experience for buying mobile phones and accessories, such as cases or faceplates. He gets his supplies in Bamako (capital of the Republic of Mali). With this loan, he plans on making a monthly profit of 50,000 francs CFA. Using the profits, Monzon envisions expanding his enterprise and helping his older brother cover family expenses.

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Translated from French by Kiva volunteer Daniel Kuey



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