A loan of $1,025 helped buy smoked fish.


Sidiki's story

Mr. Sidiki is 46 years old and the father of seven children. He lives in a traditional family in the city of Koutiala.

Due to family problems, he left school early and from an early childhood took an interest in income-generating activities. After trying his hand at several activities without success, he focused on the sale of smoked fish, which he learned from his father 20 years ago.

His reputation is good, because smoked fish are quite popular in Koutiala.

To increase his working capital and strengthen his sales, he decided to join the Soro Yiriwaso micro-finance institution. He is on his second individual loan, the first having been fully repaid.

With this funding, he intends to buy 10 baskets of smoked fish in Korientzé (in the Mopti Region), from fishermen belonging to the Bozo and Somonô ethnic groups. Mr. Sidiki retails his products at the Koutiala fish market, to both men and women customers, for cash or credit.

He expects this funding will enable him to attain monthly profits of 120,000 FCFA he will use to repay interest on the Soro Yiriwaso loan, meet his family's needs, and invest the rest in his business activity.

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Translated from French by Kiva volunteer René McConnell



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