A loan of $1,100 helped to buy cereals and various first-need items.

Yacouba's story

Born in Sikasso and 34 years of age, Mr. Yacouba is married and the father of six children. He lives with his spouse and children in a big traditional family in the village of Bougoula, about 7 km from the city of Skiasso (the third administrative region of Mali).

After having tried different business activities without success, Mr. Yacoubal started selling cereals and various first-need items from a store in front of his family home. For over a dozen years, he has been selling articles such as corn, cigarettes, candy, matches, chewing gum, milk powder, tea, sugar, soap., etc. He is much sought after by his customers due to the quality of his goods.

In order to meet the growing customer demand, about four years ago he decided to join the Soro Yiriwaso microfinance institution about four years ago. And thus he already obtained four individual loans and repaid all of them well.

He is now seeking his fifth loan in order to increase his working capital and buy six tons of corn, 15 cartions of various cigarettes, three boxes of tea, four bags of sugar, eight packs of milk powder, five packs of bandy, ten packs of chewing gum, 30 packs of matches and five boxes of soap.

He buys his goods from wholesalers in the town of Sikasso and in nearby area and sells retail, for cash and on credit to customers coming from all social segments in his neighborhood.

With this loan, he plans to achieve a monthly income of 100,000 West African francs, which will be used to offset family expenses and pay the interest on his loan, with the rest reinvested in his business.

Translator profile picture

Translated from French by Kiva volunteer Katharina S

Loan details

Lenders and lending teams

Loan details