A loan of $825 helped to buy various shop items.

Soumaïla's story

Mr. Soumaïla is 35 years old, married, and the father of four children. He lives with his family in the Sanoubougou II Extension, a neighborhood in Sikasso.

After trying several businesses without success, twelve years ago Mr. Soumaïla started his business of buying and selling various shop items. He has a shop in front of his family home where he sells a variety of items: cigarettes, candy, matches, chewing gum, powdered milk, tea, sugar, soap, etc. He is very much in demand due to the quality of his products. To satisfy his growing customer base, he decided to join the microfinance institution Soro Yiriwaso about a year ago. This is his second loan, which will allow him to buy 10 cartons of different cigarettes, 4 bags of sugar, 10 cartons of tea, 5 packages of candy, 5 packages of chewing gum, 10 packages of matches, and 5 cartons of soap. His previous loan was repaid correctly.

Mr. Soumaïla's products are purchased from wholesale supplies in the city before being resold in his shop to a diverse and varied customer base. With this loan, he expects to make a monthly profit of 110,000 FCFA, which will be used to contribute to family expenses, pay the interest on his loan, and invest in his business.

Translated from French by Kiva volunteer

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