A loan of $500 helped to buy two electric irons, an ironing board, and a Jakarta motorcycle for making laundry deliveries.

Nèkè's story

Nèkè was born around 1979 in Kocoula (a region of Ségou). He is a polygamist who lives with his wives and their two children in the district of Wayerma I, in the city of Sikasso. Never having had the opportunity to attend school, Nèkè pursued many business ventures without success. He eventually found his calling with his laundry business, which he has been running for seven years. His workshop and laundry are located in his neighborhood. Nèkè is in high demand among his customers due to the quality of his work and his punctuality.

In order to better serve his growing clientele, he decided to join the microfinance institution Soro Yiriwaso, of which he has now been a member for four years. With this, his second loan, Nèkè plans to buy two electric irons, an ironing board and a Jakarta motorcycle. The motorcycle will allow him to pick up and deliver clothes to his customers that are further away from his workshop.

Nèkè hopes to earn a monthly income of 175,000 FCFA. He will use his income primarily to contribute to family expenses, and to pay the interest on his loan. The remainder he plans to use to re-invest in his business.

Translated from French by Kiva volunteer Jane Coe

Loan details

Lenders and lending teams

Loan details