A loan of $1,000 helped to buy 5 tons of corn and one ton of groundnuts.


Lassine's story

Lassine was born around 1975 in Bamako. Married and the father of 2 children, he lives in a nuclear family in Noumousso, Kadiolo (3rd administrative region of the Republic of Mali). He has been buying and selling cereals and food products for 6 years. His experience in this line of work has earned him a good reputation and he receives orders for cereals, particularly corn. He therefore decided to work with the Soro Yiriwaso microfinance institution in order to have the resources necessary to satisfy his customers, and is on his 7th loan cycle. The previous loans have been correctly reimbursed. This loan will enable him to buy 5 tons of corn and one ton of groundnuts. He gets his supplies from the neighbouring villages in Kadiolo, and stores the products in his shop. He sells them for cash to a clientèle made up of men and women from Sikasso and Bamako. Thanks to this loan, he expects to make an average monthly profit of 110 000 francs. Part of the profit will allow him to cover the interest payments on his loan, and part will be reinvested in his business.

Translated from French by Kiva volunteer



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