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A loan of $775 helped to buy livestock.

Boubacar's story

Mr. Boubacar was born around 1975 in Loulouni, near Kadiolo. A father of one child, he lives in a traditional household in the city of Loulouni (third administrative region of the Republic of Mali).
He has run a business as a butcher for 20 years. His experience in this field has earned him such a good reputation that he receives and fulfills orders every day. In order to have the necessary resources to satisfy his customers, he has just requested his fourth loan with the microfinance institution Soro Yiriwaso, all his previous loans having been repaid properly.
This loan will allow him to buy two steers and six small ruminants. He gets his supplies at the markets in certain towns around the city of Loulouni and in Burkina Faso. He slaughters them and sells the meat in cash in the city of Loulouni to a clientele composed of men and women.
With this loan, he foresees earning an average monthly profit of 72,000 FCFA. This profit will allow him to resolve most of his expenses, repay the interest on his loan, and invest the remainder in his business.
He hopes to have a dedicated livestock yard to avoid shortages during lean times.

Translated from French by Kiva volunteer

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Loan details