A loan of $725 helped buy sheep and goats.


Sériba's story

Born in the Tinzanadougou Prefecture of Sikasso, Mr. Sériba is married with seven children. He lives with his two wives and their children in a traditional extended family in Sanoubougou I, one of the working-class districts in the city of Sikasso (third administrative region of the Republic of Mali). After conducting several unsuccessful activities, Mr. Sériba introduced himself to selling livestock about nine years ago. He conducts this activity in the livestock section of the new Medina market where he sells sheep, goats, etc. He is much in demand by his clients for the quality of his livestock. To satisfy his increasing number of customers, he decided to join the Soro Yiriwaso micro-finance institution where he is on his second individual loan cycle. He is requesting this second individual loan to buy twenty small ruminants from communities in the surrounding area (among others Bamoukou, Kléla, Koro Dam, etc..). This will enable him to better serve his growing number of customers. He expects this loan to generate a monthly profit of 150,000 FCFA to be used primarily in dealing with family expenses and paying loan interest. The remainder will be invested in his business activity.

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Translated from French by Kiva volunteer René McConnell



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