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Sahibou
Mr. Sahibou Koné 28, is married without children, and lives in a big traditional family in Koko, a neighborhood of Fakola (a county) in the third region (Sikasso) of the Republic of Mali. Sahibou has been buying and selling various items, notably electronic goods, for the past five years. His store is at the open-air market of Fakola.

To expand his working capital, he joined Soro Yiriwaso's loan program and he is on his first individual loan. With this loan he is intending to buy ten cassette radios, two televisions, some new cassettes for dubbing, and various other electronics goods. He buys his inventory from traveling salesmen who come from Côte d’Ivoire and he makes his sales for cash and often on credit to a varied and diverse clientele.

He expects to make a monthly profit of 25,000 F CFA which will be essentially reinvested in his business and used to cover healthcare expenses.
View original language description ↓
Monsieur Sahibou Koné est un homme marié de 28 ans, sans enfant, qui vit dans une grande famille traditionnelle à Koko, un des quartiers de Fakola (une sous-préfecture) dans la troisième région (Sikasso) de la République Mali.
Sahibou fait le commerce d’articles divers notamment l’achat vente de matériels électroniques depuis maintenant cinq ans. Son magasin se trouve au marché de Fakola.
Pour augmenter son capital il adhère au programme crédit de Soro Yiriwaso avec qui il est à son premier prêt individuel.
Avec ce prêt il compte acheter, dix radios cassette, deux téléviseurs, des cassettes vierges pour le repiquage et d’autres divers articles électroniques. Il s’approvisionne auprès des forains venant de la Côte d’Ivoire et effectue sa vente, au comptant souvent à crédit à une clientèle diverse et variée.
Il compte réaliser un bénéfice mensuel de 25.000 FCFA par mois qui sera essentiellement réinvesti dans l’entreprise et dans les frais de santé.

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
  • 31
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 521.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Sahibou purchase of cassette radios and televisions.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 8, 2010
Listed
Jun 3, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011