A loan of $1,000 helped to purchase various goods, such as sugar, cigarettes, and tea, for his store.

Kongossigue Dit Yacouba's story

A native of Cercle de Bla, Région de Ségou, Mr. Kongossigue is 37 years old and a father of four. He lives in a polygamous family with his two wives and his children in the Hérémakono Nord district of Bougouni. Not having attended school, he used to be a farmer with his father in the village. A few years later, he decided to leave the village for Bougouni to learn about commerce from his uncle, especially about selling various shop goods, With four years of experience, he has a mastery of this business.

Familiar with the microfinance institution Soro Yiriwaso through one of its representatives, he decided to join the loan program and is now on his fourth loan. He has correctly repaid the three previous ones.

With this new loan, he intends to purchase 5 sacks of sugar, 10 boxes of tea, 8 boxes of cigarettes, and 9 boxes of soap. His store is located in Niebala, a district in Bougouni. He gets his supplies from Bamako, capital of the Republic of Mali. His customer base is composed of the local people.

With this loan, Mr. Kongossigue plans on making a monthly profit of 85,000 francs CFA that will be used to pay the loan interest, to ensure his family expenses are covered, and to expand his store.

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Translated from French by Kiva volunteer Daniel Kuey

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