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

Yaya's story

Mr. Yaya is a 28-year-old married man and the father of two children. He lives with his wife and children in his own home in the Massablacoura district of Bougouni. Mr. Yaya has a degree in building design. Before graduating, he learned woodworking from his father. Thus, to support himself while helping out his father to cover family expenses, he decided to open a carpentry shop and sell lumber. With nine years of experience, he has a mastery of his work.

To obtain substantial working capital, he decide to join the microfinance institution Soro Yiriwaso to purchase 70 boards and 30 pieces of plywood. He gets his supplies in Manankoro, Sikasso, and Bougouni. Sales are made at his workshop. His customer base is composed essentially of furniture makers and masons. He is much in demand by his customers.

With this loan, he expects to make a monthly profit of 75,000 francs CFA enabling him to improve his enterprise and to pay off the loan. His ambition is to equip himself soon with a power planer (since he spends over 100,000 francs per month in planing costs).

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

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Loan details