A loan of $525 helped to buy gasoline.

Sidi's story

Mr Sidi was born in 1979 in Lofigué, Kadiolo Cercle, Sikasso Region (third administrative region of the republic of Mali). He lives in a monogamous family in Noumousso, a neighborhood in Kadiolo.

He's been buying and selling gasoline and lubricants from more than five years. His experience in this field earned him a good reputation and he gets orders from various customers.

In order to have the resources required to satisfy his customers, he works with Kiva's parter, the MFI Soro Yiriwaso, from which he is seeking his third personal loan. Previous loans were repaid without problems.

This new loan will enable him to buy 400 liters of gasoline. He gets his supplies in Kadiolo and in Zégoua, and resells in Kadiolo and in Siama. His clientele comprises both men and women.

Thanks to this loan, he foresees turning an average monthly profit of XOF 75'000 (ca US$ 150). This will enable him to repay his loan. The remainder will be reinvested in his business.

He intends to become a well-known wholesaler in order to meet an ever-increasing customer demand.

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Translated from French by Kiva volunteer Patrick Stadelmann

Loan details

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Loan details