A loan of $500 helped purchase of various articles for re-sale.

Karim's story

Mr. Karim S., 24, is single and lives in Hamdallaye, one of the working-class neighborhoods of the town of Sikasso (third administrative region of the Republic of Mali).

Mr. S. tried out several businesses without success. He then decided to get into selling various items in a little shop in front of his house. He has had this little shop (selling cigarettes, bonbons, matches, chewing gum, powdered milk, tea, sugar, soap, etc.) for three years now. He is much in demand by his clientele because of the good quality of his merchandise.

In order to satisfy his ever-growing clientele, he decided to join the micro-finance institution Soro Yiriwaso three months ago, and he is on his first individual loan. With this first loan he intends to buy 2 cartons of cigarettes, 2 cases of tea, 1 sack of sugar, 3 cartons of soap, 5 packs of bonbons, 10 packs of chewing gum, 20 packs of matches, 10 sacks of rice, etc.

He does his buying from wholesalers and sells retail. Mr. S. sells for cash or on credit to a clientele composed of young people and neighbors. With this loan he expects to make a monthly profit of 100,000 F CFA which will be used essentially to increase his working capital, contribute to supporting his family back in the village, and paying the interest on the loan.

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Translated from French by Kiva volunteer Teresa Kramer

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