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Mamadou
Mr. Mamadou C. is 38 years old, married and the father of two children. He lives with his wife and children, along with his parents and his brothers, in a large traditional household in Wayerma I, one of the boroughs on the outskirts of Sikasso (third administrative region of the Republic of Mali).

Monsieur Mamadou C. was born and raised in a hardware store environment, as this has been the source of the family’s income since his father’s days. He knows the hardware retail business quite well but lacks the financial means to satisfy his increasing number of customers. He decided therefore to join the Soro Yiriwaso MFI where he is requesting a first loan.

The loan will serve to buy: 13 4-liter cans of paint, 15 cartons of energy-saving light bulbs, a few packs of glue, welding rods, wire, crésyl (disinfectant), circuit breakers, etc. He gets his supplies from Ghana and Côte d’Ivoire before reselling them retail in his hardware store, to customers who are for the most part architects, building contractors, masons, etc.

The loan should help him attain monthly earnings of 250,000 FCFA, which will be used mainly to increase his working capital, contribute to family expenses, and pay off his loan.
View original language description ↓
Âge de 38 ans, Monsieur Mamadou C. est marié et père de 2 enfants. Il réside avec sa femme et ses enfants dans une grande famille traditionnelle avec ses parents et ses frères à Wayerma I, un des quartiers périphériques de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Mamadou C. est né et grandi dans cette activité de vente de Quincaillerie car c’est le métier qui fait vivre la famille depuis au temps de son père.
Il connaît la quincaillerie en détail mais les moyens lui font défaut pour pouvoir satisfaire sa clientèle qui ne cesse d’augmenter. Alors il décide de rejoindre l’institution de microfinance Soro Yiriwaso avec laquelle il est à son premier prêt qui sera utilisé pour acheter, 13 boîtes de peintures de 4kg, 15 cartons d’ampoules économiques, quelques unités de colles, de baquettes, de fil, d’eau de javel, de grésil, de disjoncteurs, etc .
Il s’approvisionne au Ghana et en Côte d’Ivoire avant de les revendre en détail dans sa quincaillerie à une clientèle composée généralement d’architectes, d’entrepreneurs, de maçons, etc.
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 et payer les intérêts de son prêt

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,172,500
    Funds lent in using Kiva
  • 534.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Mamadou buy merchandise for his hardware store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 6, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011