A loan of $825 helped to buy used spare parts.


Seydou's story

Born around April 1985 in Sikasso, Mr. Seydou is married and the father of three. He lives with his wife and children in a traditional extended family in Banconi, a working-class distrit of the town of Sikasso. For over 15 years, Mr. Seydou has been repairing motorbike engines. In order to make it easier for his clients to obtain brand-name used spare parts, he also sells spare parts in addition to his work. He is very much in demand thanks to the quality of his goods. In order to meet growing customer demand, he decided to join the Soro Yiriwaso microfinance institution, and is now on his first individual loan. He plans to use thi loan in order to buy 10 connecting roads, five camshafts, 10 pistons, three wheel rims and five crankcases. The spare parts will be bought locally in Sikasso. With this loan, he plans to achieve a monthly income of 195,000 West African Francs, which will be used essentially to contribute to the family budget and pay off the interest on his loan, with the rest reinvested in his business.

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Translated from French by Kiva volunteer Ekaterina Sukhanova



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