A loan of $600 helped to purchase grains.

Alou's story

Mr. ALOU is 37 years old and lives with his four children and wife in a traditional family in the sub-prefecture of Ouelessebougou, in Région de Koulikoro. ALOU did not have the chance to go to school. Early on, he became interested in revenue-generating work, especially in the buying and selling of grains and a variety of other goods. He learned this business from his maternal uncle, who used to be a major merchant of grains and general goods.

Concerned about satisfying his clearly growing customer base, he decided to collaborate with the microfinance institution Soro Yiriwaso and is now on his third individual loan, which will be used to purchase 2 tonnes of rice from BAMAKO wholesalers. Accepting cash or credit from a mixed customer base, he sells the goods retail, instead of panning for gold.

ALOU hopes to make an average monthly profit of 100,000 francs CFA that will be used to repay the loan, and the rest will be reinvested in his work.

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

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Loan details