A loan of $1,025 helped to purchase white damask cloth, caustic soda, dyes, and potash to sell to artisans.

Dramane's story

Mr. Dramane, aged 36, is married and a father of three. He resides with his wife and their children in a large traditional family in Wayerma I, a working-class district in Sikasso City (3rd administrative region of the Republic of Mali). After having run many businesses without success, Mr. Dramane became familiar with the buying and selling of white damask cloth, caustic soda, dyes, etc. about four years ago. He runs his business in Wayerma I, where he has a shop. He is much in demand by his customers for the quality of his products.

Concerned about satisfying his burgeoning customer base, he decided to join the microfinance institution Soro Yiriwaso three years ago. He is on his sixth individual loan, and the previous loans were all correctly repaid.

This new loan will enable him to purchase 35 packets of caustic soda, 25 lengths of damask, 15 bags of potash, and 15 containers of dyes of different colors. His merchandise is purchased in Bamako and then resold to a customer base composed generally of women dye specialists in Sikasso.

With the current loan, he envisions making a monthly profit of 100,000 francs CFA that will be used to help cover family expenses and to pay back the loan with interest. The rest will be invested in his business.

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Translated from French by Kiva volunteer Daniel Kuey

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