A loan of $1,050 helped to buy necklaces, prayer beads, and perfumes.

Daouda's story

Daouda was born circa 1970 in Kadiana (a sub-prefecture in Mali's third administrative region) where he lives in a traditional family with his wife and six children.

Early on, Daouda got interested in money-earning businesses, in particular buying and selling necklaces, prayer beads, perfumes, etc. He sells in Kadiana.

Building on 20 years of experience in this field, he's working with Kiva's partner, Soro Yiriwaso, in order to bolster his working capital and meet an ever-increasing customer demand.

He's seeking his first loan, which he intends to use to buy necklaces, prayer beads, and perfumes. He gets his supplies from wholesalers in Bamako. He sells in Kadiana on a daily basis, for cash, and sometimes on credit. He's especially in demand during fair days.

Mr. Daouda hopes to turn an average monthly profit of XOF 107'500 (ca US$ 225) to be used to provide for the family's needs, repay the loan, and reinvest in his business.

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Translated from French by Kiva volunteer Patrick Stadelmann

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