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Seydou
Mr. Seydou D. is 43 years old and lives in a polygamous family with his six children and two wives in the Banankabougou neighbourhood, part of the Fana sous-préfecture, in the second administrative region of the Republic of Mali.

Mr. Seydou left school in the sixth grade (Mali education system) to embark on revenue-generating activities, in particular the commerce of cereals.
Seydou is quite in demand and has acquired a solid reputation in buying and selling cereals.

With an eye on satisfying his ever-increasing customer base, he decided to join the Soro Yiriwaso MFI where he is at his fifth loan request, having correctly reimbursed the four previous ones. He wants to use this loan to buy eight tons of dry cereal (fonio, peanuts, beans, millet, and corn).

He gets his supplies locally at reasonable prices, in the town of Fana and in surrounding villages, and resells them when the products have increased in value. His store is located at the major market of Fana, and his customers are mainly resellers from the large cities.

He hopes to reach an average monthly profit of 50,000 FCFA, which will be used for family expenses and the remainder invested in his business.
View original language description ↓
Monsieur Seydou D. est âgé de 43 ans et vit dans une famille polygame avec ses 6 enfants et ses deux femmes dans le quartier Banankabougou, sous préfecture de Fana, deuxième région administrative de la république du Mali.
Monsieur Seydou abandonna l’école en classe de sixième année fondamentale (système éducatif Malien) pour se consacrer aux activités génératrices de revenus notamment le commerce de céréales.
Seydou est très sollicité et jouit d’une grande notoriété dans les activités d’achat et de vente de céréales.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, il décida d’intégrer l’institution de microfinance Soro Yiriwaso avec qui il est à son cinquième prêt individuel, après avoir correctement remboursés les quatre précédents.
Il compte utiliser ce prêt pour acheter, 8 tonnes de céréales sèches (fonio, arachides, haricot, petit mil maïs).
Il s’approvisionne sur place à Fana ville et dans les villages environnants à un prix abordable pour venir les revendre dans sa boutique sise au grand marché de Fana quand les articles auront de la valeur, à une clientèle composée de revendeurs venant des grandes villes.
Il espère réaliser un bénéfice mensuel moyen de 50.000FCFA qui sera utilisé pour les dépenses de la famille et le reste investi dans les activités.

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

  • $1,100
    Average annual income
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 483.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD