A loan of $1,000 helped to buy cereals.

Fousseyni's story

Born in May 1971 in Sikasso, Fousseyni is married and is a father of 3. He lives with his wife and children in a large traditional family in Médine, one of the neighborhoods of Sikasso (third administrative region of the Republic of Mali).
He never got a chance to go to school and, after a few unsuccessful enterprises, he quickly turned to commercial activites, especially storing and selling cereals, about 10 years ago. He has quite a reputation and gets lots of orders, but he does not have the resources to meet this demand. So, he decided to join Soro Yiriwaso's loan program through which he is applying for a 5th loan. This loan will enable him to increase his working capital in order to better meet the needs of his customers.
With this 5th loan, he plans on buying 20 bags of corn, 10 bags of rice, and 25 bags of millet from the surrounding communities of Sikasso. These goods are first stored in his store to be sold in wholesale and retail to a clientele of retailers and heads of households.
With this loan, he expects to make a monthly profit of 270 000 FCFA. With the profits, he plans on meeting most of his financial needs and that of his family, paying back his loan, and investing the rest in his main activity.

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Translated from French by Kiva volunteer Julien Roland

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