A loan of $1,050 helped to buy 15 pairs shoes, 5 vests, a dozen belts, 15 pairs of trousers, and 10 shirts.

Boubacar's story

Boubacar is more than 35 years old, married, and the father of two children. He lives in the Kaboïla I-Kélétiguila neighborhood in downtown Sikasso. After running several unsuccessful businesses, he launched himself into retail more than three years ago.

He has a shop in Wayerema, where he buys and sells various items such as jeans, belts, shoes (Ferardine, …), and Abacos vests. He's very much sought after by his clientele thanks to the quality of his products.

To meet an ever-increasing customer demand, he decided to join Kiva's partner, Soro Yiriwaso, approximately one year ago. He has already obtained two loans, which were both repaid without problems.

He's seeking his third loan in order to buy 10 pairs of "Ferardine" shoes, 5 "Abacos" vests, 5 pairs of shoes, a dozen belts, 15 pairs of trousers of various quality, and 10 different shirts.

He gets his supplies in Bamako, and resell as a traveling salesman, for cash and on credit, in the various professional institutions in Sikasso, and often as far as Baguinéda, on the road to Ségou.

With this loan, he foresees turning a monthly profit of XOF 200'000 (ca US$ 400), to be used mainly to help paying the family expenses and repay the loan. He will reinvest the remainder in his business.

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Translated from French by Kiva volunteer Patrick Stadelmann

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