A loan of $650 helped to purchase a variety of grocery items for his shop.


Sitapha's story

Born in DIANGUERELA, SITAPHA lives with his five children and wife in a nuclear family in the BANANKABOUGOU district of OUELESSEBOUGOU CITY, Préfecture de KATI (Région de Koulikoro), Republic of MALI. Not having had the chance to progress in school, SITAPHA soon became interested in revenue-generating businesses, especially in the buying and selling of shop goods: tea, sugar, cigarettes, rice, millet, corn, oil, soap, notebooks, bic [ballpoint pens], and beverages.

SITAPHA is on his first individual loan with the the microfinance institution Soro Yiriwaso. It will used to purchase 3 sacks of sugar, 4 boxes of soap, 3 sacks of rice, 20 boxes of tea, and 10 cartons of cigarettes. He gets his supplies from wholesalers in Bamako. And he makes his sale retail to a mixed customer base paying with cash or credit, in BANANKABOUGOU.

SITAPHA hopes to make a monthly profit of 50,000 francs CFA that will be used to pay back the loan and to reinvest the rest in the commerce of groceries.

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Translated from French by Kiva volunteer Daniel Kuey



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