A loan of $400 helped to purchase grains to sell.

Yaya's story

Born around 1975 in Kolondièba, Mr. Yaya lives with his three children and his wife in a traditional family in Kolondièba. Not having had the chance to attend school due to societal reasons, Mr. Yaya quickly became interested in revenue-generating businesses, especially in the buying and selling of grains: millet, rice, corn, 'fonio', peanuts, black-eyed peas, etc. He is much in demand and appreciated in and around Fakola.

Bestowed with three years of experience in this domain, Mr. Yaya decided to collaborate with the microfinance institution Soro Yiriwaso in his search for financial resources. He is now on his second loan after having repaid the previous one correctly.

He intends to use his loan to purchase 2 tonnes of corn and a tonne of 'fonio' from peasant producers from the villages. He makes his sales at the retail level accepting cash or credit in Sikasso.

Mr. Yaya hopes to make a monthly profit of 90,000 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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