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Saibou
Mr. Saibou Touré, age 37, lives with his child and wife in a nuclear family in the Niebala district of the city in Bougouni prefecture (Sikasso region). Not having had modern schooling, he started earning an income when very young, although without success, such as in the sale of motorbikes in Bamako (capital of the Republic of Mali). A few years later, he returned to learn from his uncle, who is a seasoned merchant in Bougouni, how to buy and sell spare parts. With five years of experience, Saibou has a good command of his business and opened a shop for spare parts, lubricants, etc. His shop is busy.

To satisfy his customers better, Saibou decided to join the micro-finance institution Soro Yiriwaso and is now on his second individual loan, after having repaid his first one. He intends to buy some spare parts in Bamako from wholesalers. He makes his sales in Bougouni in his shop, cash or credit accepted, to customers composed of vehicle owners, repairmen, and mechanics.

He plans to realize a monthly profit of 58,750 francs CFA that he envisions using to build a house, to expand his enterprise, and to cover family expenses.
View original language description ↓
Monsieur Saibou Touré a 37 ans et vit avec son enfant et son épouse dans une famille nucléaire dans le quartier Niebala de la ville de la préfecture de Bougouni (région de Sikasso).
N’ayant pas fait l’école moderne, très jeune il commença les activités génératrices de revenus, mais sans succès telles l’achat et la vente des motos à Bamako (capitale de la république du Mali). Quelques années après Monsieur Saibou Touré revient auprès de son oncle qui est un commerçant chevronné à Bougouni pour apprendre l’achat et la vente des pièces détachées. Avec une expérience de 5 ans, il maîtrise bien son activité et ouvre une boutique de pièces détachées, de lubrifiants etc qui est très fréquentée.
Afin de mieux satisfaire sa clientèle Saibou Touré décida de rejoindre Soro Yiriwaso avec qui il est à son deuxième prêt individuel, après avoir bien remboursé son premier prêt.
Il compte acheter des pièces détachées à Bamako (capitale du Mali) auprès des grossistes. Il effectue sa vente à Bougouni dans sa boutique au comptant et à crédit à une clientèle composée de propriétaires de véhicules, de réparateurs et de mécaniciens.
Monsieur Saibou Touré compte réaliser un bénéfice mensuel de 58 750 FCFA qu’il envisage utiliser pour construire une maison, agrandir son entreprise et subvenir aux dépenses de la famille.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 464.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Saibou to buy spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 17, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010