Almoudou Traoré


Status: Paying Back

$625.00   Loan Amount
75% repaid

About the Entrepreneur

Name: Almoudou Traoré
Location: Sikasso, Mali
Activity: Tailoring

About the Loan

Loan Amount: $625.00
Loan Use: purchase of sewing machines for re-sale
Repayment Term: 10 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: May 1, 2009
Date Disbursed: Apr 2, 2009
Date Funded:May 4, 2009

About the Country

Country:Mali
Avg Annual Income:$1,200.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:491.6797 XOF = 1 USD



Mr. Almoudou Traoré, 44, is married and the father of 4 daughters. He lives with his family in Médine, one of the working class neighborhoods of the town of Sikasso (third administrative region of the Republic of Mali).



Not having had the opportunity to advance in school, he began at a young age to learn tailoring from his uncle in Sikasso. His workshop is located in the big open-air market of Sikasso and most of his clientele is composed of men and especially of itinerant merchants. With his vast experience in the activity, he has the total confidence of the guild of tailors which has earned him the presidency of the Tailors' Guild of Sikasso (Comité de Surveillance de l’Association des Tailleurs de Sikasso--A.T.S.) Besides tailoring, he buys sewing machines in Lomé (Republic of Togo) to re-sell them to the tailors of Sikasso.



With the desire to satisfy his ever-growing orders for sewing machines more fully, he came to the micro-finance institution Soro Yiriwaso, and he is on his first individual loan which will permit him to buy 10 sewing machines.

With this loan, he expects to make a monthly profit of 200,000 F CFA which will allow him to cover most of his personal expenses, contribute to family expenses, pay the interest on his loan, and invest any remainder into his workshop.

Translated from French by Teresa Kramer, Kiva Volunteer


Monsieur Almoudou Traoré a 44 ans, marié et père de 4 filles, il réside avec sa famille à Médine, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
N’ayant pas eu la chance d’avancer à l’école, il s’est très vite initié à la couture auprès de son oncle à Sikasso. Son atelier est situé au grand marché de Sikasso et la plupart de sa clientèle est composée d’hommes et surtout les forains.
Avec sa grande expérience dans le domaine, il jouit d’une parfaite confiance de la famille des tailleurs ce qui lui a valu la présidence du Comité de Surveillance de l’Association des Tailleurs de Sikasso (A.T.S.). En plus de la couture, il achète des machines à coudre à Lomé (république de Togo) afin de les revendre aux tailleurs de Sikasso.
Dans les souci de mieux satisfaire ses commandes de machines de plus en plus croissantes, il sollicita la collaboration de l’institution de microfinance Soro Yiriwaso et il est à son premier prêt individuel qui lui permettra d’acheter 10 machines à coudre.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 200 000 FCFA qui va lui permettre de résoudre l’essentielle de ses dépenses personnelles, contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son atelier.

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Journal entries for Almoudou Traoré


Loan has been disbursed
 
Entrepreneur: Almoudou Traoré
Location: Sikasso, Mali

Thank you for your loan. It has been disbursed to Almoudou Traoré by Soro Yiriwaso, a partner of Save the Children in Mali. We are excited to watch this business grow. Over the 8 months of this loan, Soro Yiriwaso, a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Sikasso, Mali
May 4, 2009
Comment on this entry

PREMIER ET DERNIER FEED BACK
 
Entrepreneur: Almoudou Traoré
Location: Sikasso, Mali

Dès réception de ce prêt, j’ai acheté comme prévu des machines à coudre et accessoires.

En ce moment, tout marche bien au niveau de l’atelier mais aussi au niveau de la vente des machines. Pour le moment je me limite à mes propres effort mais dans l’avenir proche, j’envisage intensifier mes activités en ouvrant une boutique de vente des machines et accessoires. Grâce à ce prêt, j’ai pu faire face à de nombreux problèmes d’ordre familial et social. Je suis très reconnaissant et satisfait de l’institution de microfinance Soro Yiriwaso et de son partenaire Kiva.


Posted by Moussa Fofana from Sikasso, Mali
Sep 23, 2009
Comments (1)

Kiva Help Repayment Schedule for Almoudou Traoré

  Expected Repayments Actual Repayments Comments
August 2009 $156.25 $156.25 Repayment Received
October 2009 $156.25 $156.25 Repayment Received
December 2009 $156.25 $156.25 Repayment Received
February 2010 $156.25 Available Feb 1