A loan of $800 helped to buy mobile phones and accessories for resale.

Mohamed's story

Mr. Mohamed is a 27-year-old single man who lives in his late father’s house in Medina, a working-class district of the city of Sikasso. Having earned an accounting degree and attempted several income-generating activities without success, he started selling mobile phones and accessories (skin cases, batteries, chargers, headsets, etc.) over five years ago. He conducts his sales at the Grand market of Sikasso where he has a stall near the goudron (a tarmac road) on National Road 7. He is in high demand due to the quality of his merchandise.

To meet the needs of a growing customer base, Mr. Mohamed joined the microfinance institution Soro Yiriwaso about a year ago. This is his first individual loan. He will use this first loan to buy 20 mobile phones of various brands, 2 cartons of skin cases, 10 chargers, 10 packs of memory cards, 5 large watches, 5 cartons of batteries and 2 dozen headsets. He buys his stock in Bamako and sells his goods to the younger crowd as well as fair-goers who come to the weekly fair on Saturdays and Sundays.

He hopes to earn a monthly profit of 200,000CFAF, which he will use help with the household expenses and to pay the loan interest. Any remainder will be reinvested in his activity.

Translated from French by Kiva volunteer

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Loan details