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Souleymane
Mr. Souleymane S. is a 30 year old married man and the father of two children. He and his wife are monogamous and live with their children in the Torakabougou quarter in the city of Bougouni (in the 3rd administrative region in the Republic of Mali). Not having gone through the education system, he quickly began trying to make a living, namely daily work with masons, shepherding and other jobs in the countryside. None of these activities succeeded for him. Thus, he decided to take up the purchase and sale of various shop items. He took his first steps into the business with his older brother, a specialized merchant in general commerce. With five years’ experience, Mr. Souleymane S. has well mastered the holding of, and resulting business from these various products, which are very sought after in Bougouni. Mr. Souleymane S., concerned with satisfying the needs of his clientele, decided to join the Soro Yiriwaso microfinance institution with whom it will be his first individual loan. He operates in Bamako (the capital of Mali) alongside wholesalers and makes sales in his store to a clientele composed of every social class. With his loan, Mr. Souleymane S. counts on coming to earn a monthly income of 32 500 FCFA which will serve to pay back the interest payments of the loan and to expand his store.
View original language description ↓
Monsieur Souleymane S. est un homme marié de 30 ans et père de 2 enfants qui vit avec sa femme et ses enfants dans une famille monogame dans le quartier Torakabougou de la ville de Bougouni (troisième région administrative de la république du Mali).
N’ayant pas fréquenté le système scolaire, très vite il commença les activités économiques notamment les travaux journaliers auprès des maçons, les travaux champêtres et le berger. Aucune de ces activités ne lui ont réussie. C’est ainsi qu’il décida de mener l’activité d’achat et de vente d’articles divers de boutique. Il fît ses premiers pas auprès de son grand frère, commerçant spécialisé dans le commerce général. Avec une expérience de 5 ans, Monsieur Souleymane S. maîtrise bien les tenants et aboutissants du commerce d’articles divers dans lequel il est très sollicité au niveau de la ville de Bougouni.
Monsieur Souleymane S., dans le souci de satisfaire le besoin de sa clientèle décida de rejoindre l’institution de microfinance Soro Yiriwaso avec qui il est à son premier prêt individuel.
Il s’approvisionne à Bamako (capitale de la république du Mali) auprès des grossistes et effectue sa vente dans sa boutique avec une clientèle composée de toutes les catégories sociales.
Avec ce prêt, Monsieur Souleymane S. compte réaliser un bénéfice mensuel de 32 500 FCFA qui servira à rembourser les intérêts du prêt et agrandir sa boutique .

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

About Mali

  • $1,200
    Average annual income
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 489.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Souleymane sales of various items for his shop.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009