A loan of $1,000 helped to buy grain and various articles.

Yacouba's story

Born around 1977, Mr. Yacouba is married and father of six children. He lives with his wife and their children in a traditional family in Bougoula Hameau, about 7 km from the city of Sikasso. Mr. Yacouba, after operating a few businesses unsuccessfully, started a business buying and selling various articles. For over 12 years, he has had a store in front of his home where he buys and sells: corn, cigarettes, candy, matches, chewing gum, powdered milk, tea, sugar, soap, etc. He is much sought after by his customers for the quality of his products. To satisfy growing customer demand, he decided to join the Soro Yiriwaso microfinance organization about four years ago. He has received five individual loans, all of which have been fully repaid. He is now asking for a sixth loan that will enable him to buy 10 tons of corn, 20 cartons of different cigarettes, 5 boxes of tea, 5 bags of sugar, 10 packets of powdered milk, 8 packages of candy, 15 packs of chewing gum, 35 packs of matches, and 10 boxes of soap. Sourcing from wholesalers in and nearby the city of Sikasso, he resells his goods retail, for cash and for credit, to customers from all social classes in his area. With this loan, he expects to earn a monthly profit of 100,000 FCFA that will be used to contribute to family expenses and to pay the interest on his loan. The remaining amount will be invested in his business.

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Translated from French by Kiva volunteer Frances Hsieh

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