A loan of $1,025 helped to buy hardware.


Siaka's story

Born in 1978 in Sikasso village, Mr. Siaka is married and the father of two children. He lives with his wife and children in a big traditional family with his parents and his brothers in Lafiabougou, a suburb of Sikasso. Mr. Siaka did not have the chance to finish school, so he quickly began buying and selling hardware. He has a hardware store at a large market in Sikasso. He is well sought-out by his clients because of the quality of his products. To satisfy his growing clientele, he decided to join the microfinance institution Soro Yiriwaso more than a year ago. He has received two loans which were both properly repaid. This is his third loan which will allow him to increase his business. With the third loan, he plans to buy 22 cardboard tubs, 15 boxes of glue, 18 cans of paint, 80 meters of wire, 10 shovels, and 10 spades. He buys from wholesale traders in Bamako before reselling to his clients - generally composed of home builders (architects, contractors, masons, etc.). With this loan, he plans to make a monthly profit of 275,000 FCFA which will be used for family expenses, paying interest on his loan, and investing in the rest of his business.

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Translated from French by Kiva volunteer Christina Pack



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