Funded

Total loan: $1,025
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N'golo

Mali
Kourouba, Mali / Cereals

A loan of $1,025 helped to buy cereals for resale.


N'golo's story

N'golo is 59 years old and lives with his wives and ten children in the sub-prefecture of Kourouba in the Koulikoro region.

He didn't have the opportunity to go to school and, instead, looked for ways to make money. He was particularly interested in the buying, storing and selling of cereals.

In order to satisfy the needs of his growing numbers of customers, he began to work with the field partner, Soro Yiriwaso. He has fully repaid his third loan and this will be his fourth individual loan.

N'golo will use his loan to buy seven tonnes of cereals from farmer producers in, and around, Faraba Dracoro. He will then store the cereals for at least one month before selling them on to resale merchants from the big cities such as Bamako and Ouelessebougou. N'golo expects to earn a monthly average of 120,000 francs CFA which he will use to repay his loan and reinvest in his business.

Translator profile picture

Translated from French by Kiva volunteer Sarah Ryder



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: November 8, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams




Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: November 8, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children