A loan of $1,100 helped purchase spare car parts.


Bakary's story

Mr Bakary Sidibé is a 32 year old man, married, and the father of two children. He lives with his wife and children in a traditional family, at his father's home, in the neighborhood of Dougounina in the city of Bougouni.

Having not attended school, he began working at a young age, notably in the purchasing and sales of spare car parts. He learned this activity from his father, who was a well-respected mechanic. He is very good at his work, having done this for the past 15 years. Prior to joining the microlending organization Soro Yiriwaso, Mr Sidibé was struggling to maintain his business due to a lack of consistent funds. He decided to join the organization in order satisfy the demands of his customers to be able to grow his business. He is asking for a second loan from Soro Yiriwaso, after having reimbursed the first loan on time.

This loan would allow him to purchase a large quantity of spare parts from wholesalers and then re-sell either to retailers for cash. The estimated monthly profits of approximately 75,000 FCFA [approximately 160 USD] he hopes to receive will allow him to expand his business.

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Translated from French by Kiva volunteer Chloé Tuot



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