A loan of $625 helped to buy grains.


Daouda's story

Daouda was born around 1955 in Fabalabougou, former district of Niena. He lives in a polygamous family, with his two wives and eight children, in Niena, about 80 kilometers from the town of Sikasso. After conducting several activities without much success, he quickly learned the business of storing and selling grains (millet, maize, rice etc.) about 30 years ago. Having acquired a very good experience in this field, he enjoys a good reputation and receives numerous orders from outside, but he lacks the resources to meet his customers' needs. This is why he has decided to join Soro Yiriwaso this year. In order to better satisfy an ever-increasing number of customers, Daouda has requested the present loan, which will allow him to buy 17 bags of millet and 10 bags of maize. He gets his supplies in the villages of Fabalabougou and Niena and then stores them in his shop. He sells wholesale, retail, and for cash, to customers who are either resellers or consumers. With this loan, he is expecting monthly profits to reach 50,000 CFA francs. He is planning to use his profits to take care of most of his personal and family expenses and to pay off his loan's interest, while he will invest the rest in his business.

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Translated from French by Kiva volunteer Sophie Narayan



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