A loan of $1,100 helped to buy oxes.


Abdoulaye's story

Mr. Abdoulaye is over 42 years old, married and a father of five. He lives with his wife and their children in Sikasso.
Mr. Abdoulaye is a car mechanic by trade, who works at the car repair shop of the Compagnie Malienne de Développement Textile (Malian Company for Textile Development) in Sikasso. In addition to his job, he has had a business fattening and selling cattle and poultry for about eight years.
In order to improve his operation and to meet ever-growing customer demand, he decided to join micro-finance organization Soro Yiriwaso four years ago. After three loans, which all were repaid timely, he is requesting his fourth loan to increase his working capital and equip the enclosure in which the cattle is fattened, as well as to buy five lean oxes. He purchases his cattle in Sikasso's neighboring towns (Lobougoula, Kadiolo, Bougouni, etc.). Mr. Abdoulaye, who feeds and fattens his cattle before the sale, increases his dairy yield thanks to higher-quality cows.
With this loan, he is planning on making a monthly profit of 350,000 FCFA. This will mainly be used to increase his working capital, contribute to the family's expenses and repay his loan's interests.

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Translated from French by Kiva volunteer Charlotte Buecheler



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