A loan of $1,025 helped to buy spare parts.

Cheick Oumar's story

More than 26 years old, Mister Cheick Oumar is single and lives with his father in a large traditional family in Hamdallaye, one of the popular neighborhoods of the town of Sikasso (third administrative region of the republic of Mali).

Mister Cheick Oumar didn't have the chance to progress in school, he very quickly learned the sale of automobile spare parts from his brother in Sikasso more than ten years ago. His shop is located at the new market of Médine Sikasso and most of his clientèle consists of men especially foreigners. With such experience in this domain, he enjoys perfect confidence from his clientèle. He buys his merchandise in Lomé (republic of Togo) and then resells it to the garage owners and individuals of Sikasso. Concerned about better satisfying the orders which are growing more and more, he is thus requesting this first loan from the microfinance institution Soro Yiriwaso.

This first loan will allow him to buy 10 pairs of hubcaps, 5 pairs of cushions and 20 wheel rims.

With this loan, he envisions making a monthly profit of 200,000 FCFA. With the profits made, he plans to settle his essential personal expenses, contribute to the family expenses, pay the interest on his loan and invest the rest in his shop.

Translated from French by Kiva volunteer S Mason

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