Funded

Total loan: $800
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Drissa

Mali
Sikasso, Mali / Grocery Store

A loan of $800 helped to buy salt, cooking oil, bouillon cubes, spaghetti, soaps, sardines, and tomato concentrate.


Drissa's story

Drissa, age 27, is unmarried and lives in a traditional family in Sikasso (Third Administrative Region of the Republic of Mali). After trying several businesses without success, he started selling various products (cooking oil, salt, spaghetti, soaps, etc.).

He has a spot at the new market, and his clientele is mainly made up of housekeepers. He is very much in demand from customers, thanks to the quality of his products.

About three years ago, he decided to join Kiva's partner, the MFI Soro Yiriwaso, in order to meet an ever-increasing customer demand. He's seeking his fourth personal loan. Previous loans were repaid without problems.

With this fourth loan, he intends to buy seven bags of salt, six cans of cooking oil, five boxes of "Maggi" bouillon cubes, five boxes of spaghetti, four boxes of soaps, two boxes of sardines, and four boxes of tomato concentrate.

He gets his supplies from wholesalers in the city, and sells retail, for cash and on credit. Thanks to this loan, he intends to turn an average monthly profit of XOF 220'000 (ca US$ 440), to be used mainly to help cover the family's expenses and pay the interests of the loan. He will reinvest the remainder in his business.

Translator profile picture

Translated from French by Kiva volunteer Patrick Stadelmann



Loan details

Loan length:

12 months
Disbursed date: January 25, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: January 25, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children