A loan of $1,100 helped to purchase food products.


Issa's story

Born around 1970 in the Nimporodioula prefecture of Sikasso, Mr. Issa is polygamous with four wives and six children. He lives with his wives and their children in his own house in Medine, one of the popular districts in the town of Sikasso (third administrative region of the Republic of Mali). After unsuccessfully trying his hand at several businesses, including agriculture, he rapidly learned the business of stocking and retailing food products such as tiger nuts, Shea nuts, and cereals, in which he started ten years ago. With such an experience in this domain, he enjoys a strong reputation and gets many orders from the outside, but he is lacking the resources to meet the demand. He therefore joined Soro Yiriwaso four years ago, and has benefited from four loans, which were all timely repaid. In order to better meet his ever-growing customer demand, he is requesting this fifth loan. It will enable him to purchase 15 bags of tiger nuts, three tons of corn, seven bags of millet and eight bags of Shea nuts. He gets his supplies from the towns around Sikasso and then stocks them in his store located in the new Medine market of Sikasso, before transferring them to Abidjan and Bobo Dioulasso (respectively in the Republics of Ivory Coast and Burkina Faso) when he gets orders from manufacturers of tiger nut juice and Shea butter. As for cereals, they are sold locally, both wholesale and retail, but mostly to retailers. With this loan, he is planning on a monthly benefit of 300,000 FCFA. With the profit, he means to address his main expenditure, his family's expenses, to pay his loan's interests and to reinvest the remainder in his business.

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Translated from French by Kiva volunteer Charlotte Buecheler



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