A loan of $1,000 helped to buy mobile phones and spare parts.


Oumar's story

Oumar is 28 years old, single and the father of one child. He lives with his parents in the town of Kotiala (Sikasso region). He was unable to go on with his studies due to social reasons, so instead took up revenue-generating activities, working alongside his father from an early age. He has been working for himself for the past 4 years. He is very much in demand by his customers, as mobile phones have now become a major necessity. In order to be able to satisfy his customers, Oumar turned to the microfinance institution Soro Yiriwaso nearly 3 years ago and is now on his 4th individual loan. The 3 previous loans were all repaid in advance. He plans to use this loan to buy 15 mobile phones and some spare parts in Bamako. He sells his merchandise from his kiosk in Koutiala, to all sorts of customers. With this loan, he expects to earn a monthly profit of 90 000 francs which he will use to support himself and to reinvest in his business.

Translated from French by Kiva volunteer



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