A loan of $825 helped to purchase hardware store items.

Yaya's story

Mr. Yaya is 39 years old. Married with two children, he resides with his family in Sanoubougou I, one of the working-class districts of Sikasso.

After unsuccessfully trying his hand at several activities, Mr. Yaya became involved in retail commerce about four years ago, and operates a hardware store at Sikasso's great market. He is much sought after by his clients due to the quality of his products.

To satisfy his expanding customer base, he decided to join the Soro Yiriwaso micro-finance institution. This is his first individual loan.

With this first loan he plans to buy 10 boxes of glue, 15 cartons of welding sticks, 15 packages of paint, 50 meters of wire, 5 shovels, 5 pickaxes, etc. He buys from Bamako wholesalers before reselling in detail mainly to a customer base of homebuilders (architects, contractors, masons, etc.).

He expects this loan to generate monthly profits of 150,000 FCFA, that will be used primarily in dealing with family expenses and paying loan interests. 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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