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Mamadou
Monsieur Mamadou Koné is 29 years old, married, and father of one child. He lives in a traditional extended family with several other families in the Darsalam neighborhood in Ségou (the fourth administrative region of the Republic of Mali).

Mamadou abandoned his studies in the third grade of basic school (Malian educational system) for personal reasons. He then started to learn the tailoring trade alongside his uncle for three years.

After this stage of his apprenticeship, during which he learned a great deal, he decided to branch out on his own; that was fourteen years ago now. He has a great reputation due to his genius for creating unique items. In addition to his tailoring business, Mamadou Koné also occasionally sells grain.

In an effort to improve his business, he has turned to the loan program offered by the micro-finance institution Soro Yiriwaso. This is Mamadou's first individual loan, with which he intends to buy two 20U sewing machines. He buys his supplies locally in Ségou. He makes the clothes and sells them for cash or credit to both men and women.

With this loan he hopes to generate a monthly income of 100,000 FCFA, which will allow him to take care of his expenses (e.g., food, clothing) and provide for the needs of his workshop.

His ambition is to get into commercial grain storage in Ségou.
Monsieur Mamadou Koné est âgé de 29 ans, marié et père d’un enfant. Il vit dans une grande famille traditionnelle avec plusieurs autres ménages au quartier Darsalam de la ville de Ségou (quatrième région administrative de la république du Mali).

Mamadou a abandonné l’école en classe de 3ème année fondamentale (système éducatif Malien) pour des raisons personnelles. Il commença alors à apprendre le métier de tailleur auprès de son oncle et cela pendant 3 ans.

Après cette phase d’apprentissage riche en expériences, il décida d’évoluer seul depuis maintenant 14 ans. Il jouit d’une grande notoriété due à son de génie de création de nouveautés.
En plus de cette activité de tailleur, Mamadou Koné fait également de temps à autres la commercialisation de céréales.

Dans le souci de renforcer son activité, il a fait recours au programme crédit de l’institution de microfinance Soro Yiriwaso. Il est à son 1er prêt individuel qu’il compte utiliser pour acheter, 2 machines à coudre de marque 20 U.

Il s’approvisionne sur place à Ségou. Monsieur Mamadou Koné fait ses prestations et vend ses habits au comptant et à crédit à une clientèle composée majoritairement de femmes et d’hommes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 100 000FCFA. Ce bénéfice lui permettra de se prendre en charge (nourriture, habillement) et assurer les besoins de l’atelier.
Son ambition est de faire du stockage commercialisation de céréales à Ségou.

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
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,150
    Funds lent in using Kiva
  • 441.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Mamadou to buy two sewing machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2009
Listed
Dec 9, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010