Funded

Total loan: $975
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Drissa

Mali
Bougouni, Mali / Cereals

A loan of $975 helped to buy cereals.


Drissa's story

Drissa was born in Bougouni in around 1977. He is the father of four children and lives in a traditional family in the neighbourhood of Massablacoura in Bougouni (which is in the third administrative region of the Republic of Mali). Drissa has been trading cereals for more than 15 years. His experience in the area has given him a good reputation, and he receives orders for cereals, mainly maize and sorghum.

In order to gain the resources necessary to satisfy his customers, he is collaborating with the Soro Yiriwaso microfinance institution. This is his ninth loan, and the previous eight have all been repaid in full.

This loan will enable him to buy 5 tonnes of maize and 1 tonne of sorghum. He buys his supplies in the villages in Garalo and the surrounding area. The cereals are stored in his shop before being resold for cash to men and women from Sikasso and Bamako. Often, he transports the cereals to Bamako if required.

With this loan, Drissa envisages earning an average of 150 000 CFA francs per month. The money remaining after loan repayments will go towards investing in his business. He is intending to become a wholesaler in Bougouni.

Translated from French by Kiva volunteer Lucy Knight



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: November 8, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: November 8, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children