A loan of $1,025 helped to purchase lumber for construction.

Baba's story

Mr. Baba is a 39-year-old married man and the father of four children. He lives with his wife and children at his own place in Bougouni in the district of Hérémakono Centre. Due to the poverty of his parents, he decided to drop out of primary school in the 4th year (Malian education system) to benefit from revenue-generating work. Thus, for years, he ran several businesses unsuccessfully but finally decided to specialize in the buying and selling of construction lumber twenty years ago. He learned this business from one of his friends.

While looking for additional financial resources, he decided to join the loan program at the microfinance institution Soro Yiriwaso and is now on his first loan.

He plans on using this loan to purchase 90 boards of different dimensions (2, 3, 4, and 6 meters). He gets his supplies in Gueya (in the Republic of Cote d’Ivoire). His lumber is sold in Bougouni and in Bamako. His customer base is composed of furniture makers, masons, and retailers.

With this loan, he expects to make a monthly profit of 70,000 francs CFA. With the profits, he envisions expanding his enterprise.

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

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Loan details