A loan of $975 helped to buy cereals.


Yamoussa's story

Yamoussa was born around 1967 in Ouayere, a district of Farakala. He is married and has five children. He lives with his two wives and his children in Hamdallaye, a working-class neighborhood in the city of Sikasso (the third-largest administrative region in the Republic of Mali). Not having had the chance to attend school, and after having pursued several business activities unsuccessfully, he quickly became involved in commercial activities, namely the stocking and marketing of cereals. He began this line of work seven years ago. Thanks to his extensive experience in the field, he has a strong reputation and receives many orders. However, he lacks the necessary resources to meet this demand. That is the reason why he has decided to join Soro Yiriwaso's loan program. It is with Soro Yiriwaso that he is asking for his first loan which will allow him to increase his capital so that he can better meet the needs of his clients. With this first loan, he plans to buy 20 bags of millet, 30 bags of corn, and 20 bags of rice. With this loan, he plans to achieve monthly profits of 270,000 FCFA, which will be used to cover most of his business expenses, family expenses, and pay the interest of his loan. The rest will be reinvested in his business.

Translated from French by Kiva volunteer Holden Ferry



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Loan details