A loan of $900 helped to buy fertilizers.

Bakary's story

Mr. Bakary B. is 47 years old, polygamous, and father with eight children (four boys and four girls). He lives with his two wives and his children in Hamdallaye, a working-class district in Sikasso City (3rd administrative region of the Republic of Mali). Not having had the chance to attend school, he quickly became familiar with marketing fertilizers, pesticides, and insecticides over twenty years ago. With such experience in this domain, he enjoys a good reputation and receives many orders. But he is short of the resources necessary to satisfy his needs. Thus, he requested this fourth loan to buy 10 sacks of urea, 9 sacks of cotton fertilizer, and 7 sacks of corn fertilizer in order to satisfy the demand from his ever-growing customer base. The three previous loans have been properly repaid.

Bakary is supplied from representatives of TOUNA (a fertilizer factory) in Sikasso in his store at the new market of Médine Sikasso. With a customer base composed of farmers, some of them pay with cash, others with credit.

With this loan, Bakary envisions making a monthly profit of 250,000 francs CFA. Once the profits are in hand, he plans on resolving most of his expenses and his family's, as well as to cover the loan interest and to invest the rest in his business.

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details