A loan of $500 helped to buy two sacks of sugar, three cartons of soap, and four jerrycans of oil for resale.


Mohamed's story

Mr. Mohamed, 28 years old, is married and the father of two children. He lives in a nuclear family with his wife and children in the Sébougou neighborhood of Ségou (fourth administrative region of the Republic of Mali). Mohamed quit school in the fourth class of basic school (Malian education system) to get into retailing general merchandise. He worked in this activity for seven years. He is very experienced in this line of work, and his strength is the way he welcomes his clientele and especially his flexibility towards the workers at the G.D.C.M. factory, who constitute the backbone of his clientele. Wishing to satisfy the demand of that clientele, especially in view of the coming holiday, called Tabaski in Mali, where the demand for his merchandise rises, he is requesting this new loan. He has been dealing with Soro Yiriwaso for 48 months and has already had four individual loans, all correctly reimbursed. He is now on his 5th individual loan. which he plans to use to purchase two sacks of sugar, three cartons of soap, and four jerrycans of oil. He buys his supplies right in Ségou. Mr. Mohamed sells on a cash basis, to a clientele composed of women and men. With this loan he expects to make a monthly profit of 28,000 F CFA which will allow him to cover his family's expenses. His ambition is to construct a house.

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Translated from French by Kiva volunteer Teresa Kramer



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