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Seydou
Mr. Seydou Koné is a married man who is 32 years old, monogamous and father to seven children. He lives in a traditional family in Soromana, which lies in the sub-prefecture of Fakola in the prefecture of Kolondièba (third administrative region of the Republic of Mali).

Seydou sells cereals and is very much sought after. In order to satisfy his customer base, which is growing markedly, he has joined Soro Yirwaso's loan program and is taking out his first loan. With this loan he is planning on buying 400kg of peanut grains and 1000 kg of millet, which he will stock to resell at a time when the price will be higher.

He gets his supplies on the market in Soromana on fair days and in surrounding villages. He resells to retailers and consumers at Bamako, for cash. He envisages making an average motnhly profit of 40,000FCFA. The profit will cover school fees, as well as health and food expenses, and the rest will be reinvested in his business.
View original language description ↓
Monsieur Seydou Koné est un homme marié de 32 ans, monogame, il est père de sept enfants et vit à Soromana dans une famille traditionnelle dans la sous-préfecture de Fakola, préfecture de Kolondièba (troisième région administrative de la république Mali.
Seydou fait le commerce de céréales dans lequel il est très sollicité.
Pour mieux satisfaire sa clientèle en nette croissance, il adhère au programme crédit de Soro Yiriwaso avec lequel il est à son premier prêt.
Avec ce prêt, il compte acheter, 400 kilogrammes de grains d’arachide, 1000 kilogrammes de mil qu’il stockera pour revendre à une période où le cours sera plus élevé.
Il s’approvisionne sur le marché de Soromana les jours de foire et dans les villages environnants. Il revend à Bamako aux revendeurs et aux consommateurs, au comptant.
Il envisage réaliser un bénéfice moyen mensuel de 40.000FCFA. Le bénéfice prendra en charge les frais scolaire, de santé, de nourriture et le reste sera réinvesti dans l’entreprise.

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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,308,425
    Funds lent in using Kiva
  • 496.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Seydou purchase of cereals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010