A loan of $1,075 helped to buy fruits and vegetables.

Lamine's story

Born in Nioro, Sahel, Mr. Lamine lives in a polygamous familywith his wives and six dhildren in Hamadali, a working-class neighborhood of the city of Sikasso, the third administrative region of Mali. Not having had a chance to progress in his studies, four years ago he launched a business buying and selling fruits and vegetables (potatoes, oranges, lemons, sweet potatoes etc). Thanks to his experience in this field, he has a good business reputation and receives a lot of orders in Bamako, Kayes and Mopti. However, he laks the necessary means to provide of rhis needs. Thus a year ago he joined the Soro Yiriwaso microfinance institution and is now seeking his second individual loan. This loan will allow him to bolster his working capital and meet his customers' expectations With this individual loan, he wiill by in the region by Skiasso 25 bags of potatoes, 10 bags of oranges, 20 bags of lemon, and 20 bags of sweet potaoes. He sells wholesale and retail to a customer base composed of all soical layers, for cash and in credit. He plans to earn an average monthly revenue of 80,000 West African francs, which will be used to cover his and his family's expenses. pay off the interest on his loan, and reinvest the rest in his business

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Translated from French by Kiva volunteer Katharina S

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Loan details