A loan of $1,025 helped to buy iron to make and sell various tools.

Adama's story

Mr. Adama is a blacksmith. He was born circa 1970 in Fanterela, in Sikasso Cercle. He's the father of twelve children and lives in a large family in Fanterela (third administrative region of the Republic of Mali).

His business, which he has been running for more than 30 years, consists in making and selling farming tools: adzes, hoes, pickaxes, … as well as water buckets, watering cans, ...

His experience in this field earned him a good reputation and he gets orders from a diverse clientele. In order to have the resources required to satisfy his customers, he's been working with Kiva's partner, the MFI Soro Yiriwaso, for seven years. Previous loans were repaid without problems.

This new loan will enable him to buy iron to transform into various tools such as adzes, hoes, buckets, and watering cans. He gets his iron supplies in Bamako and in Sikasso.

He usually sells to a clientele comprising both men and women, in his village and at the market in the surrounding villages in Fanterela and Sikasso.

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

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Translated from French by Kiva volunteer Patrick Stadelmann

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