A loan of $975 helped to buy radios and tapes.

Abdou's story

Born in 1957 in Mopti, Mr. Abdou is married and lives in a traditional family with his brother and other parents in Heremakono Nord, one of the districts in the city of Bougouni (third administrative region of the Republic of Mali).

Abdou did not have a chance to pursue much education. About twenty years ago, he got introduced to the business of buying and selling radios, radio-cassettes, tapes, etc. His business is conducted at the general market in Bougouni. His clientele is composed from all social classes, with a majority of fairground workers. He is very much in demand from his clients due to the quality of his products.

In order to better satisfy his still-growing clientele, he decided to join micro-finance institution Soro Yiriwaso. After a first loan which was duly repaid, he is now requesting a second loan to purchase twenty radios and four boxes of tapes in Bamako.

With this loan, he is expecting to make a monthly profit of 100,000 FCFA to be used to contribute to the family’s expenses, to pay back the loan and its interests, with the remainder to be reinvested in his business.

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Translated from French by Kiva volunteer Charlotte Buecheler

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