A loan of $1,475 helped to purchase grains to sell.

Mary's story

Mr. Mary, aged 36, is a married man and the father of two children. He resides with his wife and children at his father's house, in the Heremakono Nord district of Bougouni City. He dropped out of 6th grade (Malian education system) for revenue-generating work. He had attempted several businesses, especially selling shoes and cloth but unsuccessfully. He then decided to join his uncle to learn how to sell grains. With over three years of experience, he has a mastery of his business, which he runs at the big market of Bougouni and at other weekly markets.

To expand his enterprise, he decided to join the Soro Yiriwaso loan program. After two loan, both correctly repaid, he is now on his third loan, which he intends to use to purchase 2 tonnes of corn, 2 tonnes of pearl millet, and 3 tonnes of rice from wholesale merchants and from peasant producers from surrounding villages. His sales are made at different villages on weekly market days.

With this loan, he envisions making a monthly profit of 100,000 francs CFA that will be used to repay the loan, to cover family expenses, and to reinvest in his business.

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Translated from French by Kiva volunteer Daniel Kuey

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