Funded

Total loan: $1,000
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Drissa

Mali
Sikasso, Mali / Mobile Phones

A loan of $1,000 helped to buy cell phones and phone accessories.


Drissa's story

Born in January 1983 in Sikasso, Drissa is married and lives with his brother in Kaboïla II, one of the neighborhoods of Sikasso (third administrative region of the Republic of Mali). Since he did not get a chance to further his education, Drissa quickly got into the business of buying and selling cell phones and phone accessories (covers, batteries, chargers, headphones, etc.) 3 years ago. He does this at his own booth in the big market of Sikassa, with a client base composed of all social classes, but especially itinerant merchants. Because of their quality, the products he sells are in high demand. In order to better meet the needs of his growing clientele, he decided to partner with Soro Yiriwaso, a microfinance institution, about a year ago. He was granted 2 loans, which have been successfully paid back. In order to boost his business, he is applying for a third loan which will enable him to buy 20 phones of various brands, 3 boxes of phone covers, 20 packs of memory cards, 5 boxes of batteries, and 2 dozens of headphones in Bamako. He expects to make a monthly profit of 200.000 FCFA, which will be mostly used to contribute to his family's expenses, pay back his loan, and reinvest in his business.

Translator profile picture

Translated from French by Kiva volunteer Julien Roland



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: December 2, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: December 2, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children