A loan of $1,000 helped to buy cashew nuts.

Boubacr's story

Born around 1972, Mr. Boubacar lives with his child and wife in a monogamous family in Fakola. Not having had the chance to go to school due to religious reasons, Mr. Boubacar soon became interested in revenue-generating businesses, especially the buying and selling of nuts that are gathered, such as cashews, etc. He is much appreciated and in demand in the Fakola area.

Privileged with eight years of experience in this domain, Boubacar, in his search for extra financial resources, decided to collaborate with the microfinance institution Soro Yiriwaso and is now on his first loan. He intends to use his loan to buy 3 tonnes of cashews from planters and women from the villages. He makes his sales retail in cash or on credit, and sometimes wholesale, in the Republic of Cote d'Ivoire and at the Fakola fair. The customer base is composed essentially of retailers from big cities.

Boubacar hopes to make a monthly profit of 150,000 francs CFA that will be used to meet family needs, repay the loan, and reinvest in his business.

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Translated from French by Kiva volunteer Daniel Kuey

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