A loan of $700 helped to buy various kinds of merchandise.


Alou Sanogo's story

Alou is 29 years of age, is married, and is a father to three children. He lives with his family in the town of Koutiala (in the region of Sikasso). He works as a teacher in a private school in Koutiala. In addition to this job, he also works in commerce, namely selling various store items and cereal stock. These businesses give him a fair amount of income, and he is often in demand and has many customers each day.

To ensure customer satisfaction and to expand his business, Alou has sought assistance from the Soro Yiriwaso microfinance institution to meet his goals. He is on his second individual loan, which will be used to buy stocks of different types of merchandise, namely boxes of tea and soap, bags of cereal, and sugar. Alou gets his supplies from wholesalers in Koutiala, and sells on a cash basis in a store in Koutiala KoKo to a mixed clientele.

With this expansion of his business, Alou hopes to make a monthly profit of 90,000 francs CFA, which he will use to pay the interest on his Soro Yiriwaso loan and provide for his family. The rest of the money will be reinvested in his business.

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Translated from French by Kiva volunteer Paul Lambert



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