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Mohamed
Mr. Mohamed Traoré is 30-year-old married man, father of one child. He lives with his wife and child at his father’s home in Bougouni (Third administrative region of the Republic of Mali.) in the neighborhood of North Hérémakono.
After attending Koranic School, he decided to venture in search of a better life, more precisely in Ivory Coast. His aspirations were not realized. He decided to return to his father in Bougouni to learn to trade, specifically the sale of various articles such as party items, cosmetics, hair extensions etc… Mr. Mohamed Traoré has 11 years of experience and he masters his trade, he is very much in demand and appreciated.

In his search for additional financial resources, he decided to join Soro Yiriwaso. This is his second individual loan; the first one has been fully reimbursed. He is planning on buying party items, cloth for pants and shirts, cosmetic products and perfumes.
He gets his supplies from wholesalers in Bamako (Capital of the Republic of Mali). His customers are men and women. The religious holidays and big occasions (baptism, weddings) are times when the sale of his articles is intense.

With this loan he is planning on making a monthly profit of 70, 000 Franc CFA. It will be used to provide for the family’s needs and reinvested the rest in the business. In the coming years, he would like to expand his shop.
View original language description ↓
Monsieur Mohamed Traoré est un homme marié de 30 ans et père de 1 enfant qui vit avec sa femme et son enfant chez son père à Bougouni (troisième région administrative de la république du Mali) dans le quartier Hérémakono Nord.
Après l’école coranique, il décida de partir à l’aventure, précisément en Côte d’Ivoire à la recherche d’une vie meilleure. Ses ambitions n’ont pas été réalisés, il décida de retourner à Bougouni auprès de son père pour apprendre le commerce, notamment l’achat et la vente d’articles divers tels les articles de fête, les cosmétiques, les mèches pour cheveux etc. Avec une expérience de 11 ans, Monsieur Mohamed Traoré maîtrise son activité et est très sollicité et apprécié.
Dans ses recherches de ressources financières complémentaires, il décide rejoindre Soro Yiriwaso avec qui il est à son deuxième prêt individuel après avoir correctement remboursé le premier.
Il compte acheter des articles de fêtes, des tissus pour pantalons et chemises, des produits de beauté et des parfums.
Il s’approvisionne à Bamako,(capitale de la république du Mali) auprès des grossistes Ses clients sont composés d’hommes et femmes.
Les fêtes religieuses et les grandes cérémonies (baptême, mariages) sont les périodes où les ventes de ses articles sont intenses.
Avec ce prêt, il compte réaliser un bénéfice mensuel de 70 000 FCFA qui sera utilisé pour subvenir aux besoins de famille et réinvestir le reste dans les activités.
Il ambitionne dans les années à venir 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
  • 144
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 481.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mohamed purchase of various goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 19, 2010
Listed
Feb 24, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011