A loan of $1,050 helped to buy second hand clothing for resale.


Samba's story

Samba is 32, married and the father of 3 children. He lives with his wife and children in Bougouni. He left school at a young age and quickly started in business, buying and selling shoes, and selling cereals for a few years. Unfortunately, these enterprises failed and he decided to learn from his uncle, who bought and sold second hand clothing. Samba now sells second hand clothes at the Bougouni bus station and the weekly markets, and is a skillful salesman with 10 years experience in the business.

Samba decided to join the microfinance institution Soro Yiriwaso so that he could invest in his business and expand his activities. This is his first loan request with the institution and he will use the money to buy 3 bales of second hand clothing from the wholesalers in Bamako. He will resell the clothes to his large and varied customer base, for cash or credit. He predicts an average monthly profit of 70 000 francs, which he will use to repay the loan and support his family. He plans to reinvest any extra money back in his business. His ultimate goal is to become a wholesaler in Bougouni.

Translated from French by Kiva volunteer



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