A loan of $1,050 helped to purchase a variety of goods to sell.

Yacouba's story

Born in 1984 in OUELESSEBOUGOU, YACOUBA lives with his three children and wives in a nuclear family in WAHABIAKING, a district in OUELESSEBOUGOU, Préfecture de KATI (Région de KOULIKORO), in the Republic of Mali. Not lucky enough to advance in school, he soon became interested in revenue-generating businesses along side his paternal uncle, who used to do commerce in general merchandise. After years of experience with him, YACOUBA opted for the same work, namely commerce in various goods: teas, sugars, candies, milk, batteries, flashlights, etc

After having correctly repaid the first loan, YACOUBA is now on his fifth loan with the microfinance institution Soro Yiriwaso. The loan will be used to purchase 5 sacks of sugar, 4 boxes of batteries, 5 bags of candy, and 5 boxes of tea. He gets his supplies from wholesalers in Bamako, and he makes his sales retail while accepting cash or credit from a mixed customer base at his house in OUELESSEBOUGOU and at nearby fairs.

YACOUBA hopes to make a monthly profit of 750,000 francs CFA that will be used to pay back the loan and reinvest in his business buying and selling general merchandise.

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Translated from French by Kiva volunteer Daniel Kuey

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