A loan of $1,000 helped to buy tires.

Mahamadou Alassane's story

Born around 1973 in Bamako, Mr. Mahamadou has five children and lives in a polygamous family with his spouse[s] in Koutiala. Not having had the chance to advance in school due to societal reasons, he soon became interested in revenue-generating businesses, especially the buying and selling of various replacement parts: new, used, inflatable, etc.

Privileged with nineteens years of experience in this domain, Mahamadou is much appreciated and in high demand in and around Koutiala by diverse socio-professional strata.

Concerned about meeting the needs of his burgeoning customer base, he decided to collaborate with the microfinance institution Soro Yiriwaso. He is on his first loan, which will be used for buying 60 tires from wholesalers, locally in Koutiala. Accepting cash, he sells retail in a store to a mixed customer base.

Mahamadou envisions making a monthly profit of 150,000 francs CFA that will be used for repaying the loan and covering family expenses.

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Translated from French by Kiva volunteer Daniel Kuey

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