Mahamane has been in the clothes trade for over 20 years. He started out selling second-hand clothes and opened his first store a few years later.
Positioned in a highly competitive sector, this Malian entrepreneur is constantly seeking to invest in order to renew his stock of goods and attract more customers. “I am able to invest regularly in my business thanks to the different forms of financing granted by Baobab.”
Mahamane received his first loan of FCFA 1,000,000 (€1,524) in 2014. Since then, he has renewed his loan several times according to his needs. Today, his business is doing very well. “My financial situation is healthy. I sell quality garments and have good customers such as government employees, executives and retailers.”
However, at the start of the year, the health crisis had a major impact on his business. Border closures prevented him from travelling and caused a considerable shortage of goods. He saw his sales drop significantly over the period. But today, things are much better and thanks to a new loan, he can continue his business more confidently.
To Mahamane, Baobab stands out from other microfinance institutions by its proximity and its ability to respond quickly to the financing needs of Malian entrepreneurs. “As soon as you apply for a loan from Baobab, things are quickly taken care of and without any hitches.” He has always been very satisfied with his experience and regularly recommends Baobab to fellow retailers.