A loan of $1,000 helped to buy grains and other various items.

Yacouba's story

Born in March 1977 in Sikasso, Yacouba is married and a father of six children. He lives with his spouse and their children in a large traditional family in Bougoula Hameau, one of the villages situated about seven kilometers from the town of Sikasso.

Yacouba, after having tried various jobs without success, started his own business buying and selling various goods in a shop. He [has been running] his shop in front of his home for more than 12 years. He is in high demand by his customers, because of the quality of his products.

To satisfy his growing number of customers, he decided to join the micro-finance institution Soro Yiriwaso about four years ago. After having correctly repaid his six previous loans, he is asking for a seventh loan, which will allow him to increase his business capital in order to acquire 10 tons of corn, 25 packets of different kinds of cigarettes, 10 boxes of tea, 8 sacs of sugar, 10 packets of powdered milk, 10 packets of candies, 15 packets of chewing gum, 30 packets of matches and 15 boxes of soap.

Yacouba procures his goods from commercial wholesalers in Sikasso and surrounding areas, then he resells his merchandise at retail for cash and credit to customers from his area who represent all walks of life.

With this loan, he hopes to earn an average monthly profit of 150,000 francs CFA, which he will use to contribute to his family's expenses, pay the interest on the loan, and invest in his business.

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Translated from French by Kiva volunteer Lindsay Ferrara

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