Salif Yattara


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Salif Yattara
Location: Sikasso, Mali
Activity: Music Discs & Tapes

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase radios, solar panels, batteries, and cassettes
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 30, 2008
Date Disbursed: Aug 15, 2008
Date Funded:Aug 1, 2008
Loan Ended:May 15, 2009

About the Country

Country:Mali
Avg Annual Income:$1,200.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:418.1490 XOF = 1 USD



Mr. Salif Yattara is 49 years old and lives with his two wives and seven children, in Sanoubougou I, a district in the city of Sikasso (third administrative region in the Republic of Mali). After several unsuccessful businesses, he specialized in selling sound system equipment and accessories (radios, cassettes, solar panels, parabolic antennae, etc.), which he has now been doing for 10 years. He gets his supplies from Bamako and sells his things for cash or retail wholesale in his shop located at the bus station. His clientele mainly consists of bus travelers and several young music-lovers in the city of Sikasso. In order to obtain complementary resources to be able to diversify his business, he decided to try Soro Yiriwaso’s loan program, which just granted him his first individual loan. With this loan, he plans to buy 15 radios of different brands, 2 solar panels, 3 boxes of batteries, and 200 audio cassettes. The expected profit is around 250,000 CFA francs, which will be used to pay interest on his loan and to reinvest in his business.

Translated from French by Sherry W., Kiva Volunteer.



Monsieur Salif YATTARA a 49 ans et vit avec ses deux femmes et ses 7 enfants à Sanoubougou I, un des quartiers de la ville de Sikasso (troisième région administrative de la République du Mali).
Après plusieurs activités économiques sans succès, il s’est spécialisé dans la vente de materiels de sonorisation et accessoires (radios, cassettes, panneaux solaires, antennes paraboliques etc...) depuis maintenant 10 ans. Il s’approvisionne géneralement à Bamako et vend ses articles au comptant en détail ou en demi gros à Sikasso dans sa boutique sise à la gare routière. Sa clientèle est essentiellement composée de voyageurs de routiers et plusières jeunes mélomanes de la ville de Sikasso.
Pour obtenir des ressources complementaires afin de diversifier son activité, il decida d’intégrer le programme crédit de Soro Yiriwaso qui vient de lui octroyer son premier pret indivuduel. Avec ce pret Il compte acheter 15 radios de marques différentes, 2 panneaux solaires, 3 cartons de batéries blindées et 200 cassettes audio. Le bénéfice envisagé est de l’ordre de 250 000 FCFA qui servira à payer les intérêts de son prêt et investir le reste dans son activité.


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Kay
Columbia, MD KivaFriends.org
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jelly
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Mark
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Karen and Gery
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Long Season
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Joan M
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Kengo
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Matthew
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Bob
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Journal entries for Salif Yattara


Loan has been disbursed
 
Entrepreneur: Salif Yattara
Location: Sikasso, Mali

Thank you for your loan. It has been disbursed to Salif Yattara by Soro Yiriwaso, a partner of Save the Children in Mali. We are excited to watch this business grow. Over the next 8 months, 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
Aug 16, 2008
Comment on this entry

PREMIER ET DERNIER FEED
 
Entrepreneur: Salif Yattara
Location: Sikasso, Mali

Je suis vraiment très content et satisfait de l’institution de microfinance Soro Yiriwaso et de son partenaire Kiva. Avant d’intégrer le programme crédit de Soro Yiriwaso, j’avais énormement de problèmes tant au niveau de la famille qu’au niveau des affaires c’est à dire à la boutique. Avec ce premier prêt, j’ai acheté des postes radio, des antennes paraboliques, des batteries blindées et des cassettes que j’ai revendu.

Le marché va en merveil, et le but du prêt a été réalisé à 100% puisque les marchandises ne manquent plus, ce qui me permet de payer à temps et même avant l’échéance les intérêts du prêt. Dans le futur, j’aimerai diversifier mes produits et être l’un des plus grands vendeurs des materiels électroniques. Grâce à ce prêt, j’ai pu faire face à mes nombreux problèmes d’ordre familial, professionnel et social


Posted by Moussa Fofana from Sikasso, Mali
Feb 4, 2009
Comments (1)

Kiva Help Repayment Schedule for Salif Yattara

  Expected Repayments Actual Repayments Comments
November 2008 $150.00 $150.00 Repayment Received
December 2008 $150.00 $150.00 Repayment Received
January 2009 $150.00 $150.00 Repayment Received
February 2009 $150.00 $150.00 Repayment Received
March 2009 $150.00 $150.00 Repayment Received
April 2009 $150.00 $150.00 Repayment Received
May 2009 $150.00 $150.00 Repayment Received
June 2009 $150.00 $150.00 Repayment Received