Check out some available loans that are similar to this one!
Yacouba
Mr. Yacouba Troré is 33 yars of age, married and the father of six children. He lives with his wife and children in an extend traditional family in the village of Bougoula, about 7 km (4 miles) from the town of Sikasso (the third administrative region of Mali). Mr. Yacouba Traoré, after trying different business activities without success, launched a general store. He keeps a small store in front of his house, where he sells diverse articles such as cornmeal, cigarettes, candy, matches, chewing gum, powdered milk, tea, sugar, soaps etc. He has been doing for about 12 years. His business is very popular with the customers due to the quality of his goods. In order to satisfy the ever growing demand, three years ago he decided to join the microfinance institution Soro Yiriwaso.

After having duly repaid his previous two loans, he is now on his third loan, which will be used to purchase 4 tons of cornmeal, 12 cartons of different kinds of cigarettes, 2 cartons of tea, 4 bags of sugar, 12 packs of powdered milk, 5 packs of candy, 10 packs of chewing gum, 30 packs of matches, and 5 cartons of soap. He purchases his stock from wholesale retailers in town and sells retail, for cash or on credit, to a customer base representing all social layers of his neighborhood. With this loan, he anticipates achieving a monthly income of 250,000 West African Francs, which will be used essentially to bolster his business capital, contribute to the family budget, pay off the interest on his loan and reinvest the rest in his business.
View original language description ↓
Monsieur Yacouba Traoré a 33 ans, marié et père de six enfants. Il réside avec son épouse et leurs enfants dans une grande famille traditionnelle à Bougoula Hameau situé environ à 7km de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Yacouba Traoré, après avoir mené plusieurs activités sans succès, s’est initié au commerce d’articles divers de boutique. Il dispose d’une boutique devant son domicile où il mène cette activité d’achat et vente des articles divers tels le maïs, les Cigarettes, les bonbons, les allumettes, les Cheewing Gum, du lait en poudre, du Thé, du sucre, des savons, etc il y a environ douze 12 ans.
Il est beaucoup sollicité de sa clientèle pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso depuis maintenant trois ans.
Après avoir correctement remboursés les deux prêts précédents, il est à son troisième prêt qui sera utilisé pour acheter, 4 tonnes de maïs, 12 cartouches de Cigarettes différentes, 2 carton du thé, 4 sacs du sucre, 12 paquets de lait en poudre, 5 paquets de bonbon, 10 paquet de Chewing Gum, 30 paquets d’allumette, 5 cartons de savons.
Il s’approvisionne auprès de commerçants grossistes de la ville avant de les revendre en détail, au comptant ou à crédit à une clientèle composée de toute la couches sociale de sa localité.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 250 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son activité.

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
  • 84
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 484.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Yacouba purchasing various articles (for resale).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 2, 2010
Listed
Apr 18, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010