A loan of $1,025 helped to buy grains.


Bandjougou Youssouf's story

Bandjougou Youssouf is 34 years old, married, and father of four children. He lives with his wife and children in a large traditional family in Kamalen Sirakoro, a rural commune of Sikasso (third-largest administrative region in the Republic of Mali). Bandjougou Youssouf began working in the storage and sale of grains (corn, millet, sorghum) seven years ago, after having worked in many other areas without success. He has a store in Kaboïla I. He decided to join the micro-finance institution Soro Yiriwaso in the hope of better satisfying his growing customer base. He is on his second individual loan. The previous loan was correctly repaid. He plans to use this second loan to buy 30 bags of corn and 30 bags of millet from the surrounding towns of Sikasso. The goods are first stocked in his store, then resold to a clientele made up of retailers and heads of families. With this loan, he expects to earn a monthly profit of 150,000 FCFA, which he will use mainly to support his family and pay the interest of his loan. He will reinvest the rest in his business.

Translated from French by Kiva volunteer Holden Ferry



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