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Issa
Mr. Issa D. is over 38 years old, and is the polygamous father of six children, of whom four are boys and two are girls. He lives with his four wives and their children in his own house in Médine, one of the working-class boroughs of Sikasso (third administrative region of the Republic of Mali).

After practicing several unsuccessful activities –farming being one of them- he soon began ten years ago stockpiling activities and commercialisation of agricultural products such as sugar peas and shea nuts.

Given his amount of experience, he enjoys a strong reputation and even receives a number of orders from outside the country. Unfortunately, he lacks the financial means to satisfy these requests. He therefore decided to join Soro Yiriwaso where he has already been granted two loans, both repaid in full.
Wanting to satisfy an ever-increasing customer base, he is requesting a third loan to buy 30 bags of sugar peas, one ton of corn, 5 bags of millet, and 10 bags of shea nuts.

He gets his supplies from villages in the vicinity of Sikasso and stockpiles them to start with at his store in the new area of Médine in Sikasso. He then transports the products to Abidjan (Côte d’Ivoire) and Bobo Dioulasso (Burkina Faso), in response to orders from factories producing sugar pea juice and shea butter. He sells grain crereals both wholesale and retail.

He hopes this loan will enable him to reach monthly earnings of 315,000 FCFA, which will be used to cover most of his own expenses, those of his family and to pay the loan interest. The remainder will be reinvested in his business activities.
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Monsieur Issa D. a plus de 38 ans, polygame et père de six enfants dont 4 garçons et 2 filles. Il réside avec ses quatre femmes et leurs enfants dans sa propre maison à Médine, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Après avoir mené plusieurs activités sans succès notamment l’agriculture et autres, il s’est vite initié aux activités de stockage et commercialisation de produits agricoles tels le pois sucré et les noix de karité il y’a 10 ans.
Avec une telle expérience dans ce domaine, il jouit d’une forte réputation et accueille beaucoup de commandes de l’extérieur, mais les ressources financières nécessaires pour satisfaire ces besoins font défaut.
Ainsi, il décida d’intégrer Soro Yiriwaso avec laquelle il a bénéficié de deux prêts individuels qui ont été tous correctement remboursés.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, il sollicite ce troisième prêt pour d’acheter, 30 sacs de pois sucré, 1 tonne de maïs, 5 sacs de mil et 10 sacs de noix de karité.
Il s’approvisionne dans les localités environnantes de Sikasso pour d’abord les stocker dans son magasin situé au nouveau de Médine Sikasso. Ensuite il les ramène à Abidjan et à Bobo Dioulasso (respectivement dans les républiques de Côte d’Ivoire et Burkina Faso) sur commande des usines de fabrique de jus de pois sucré et de beurre de karité. Il vend les céréales à la fois en gros et en détail.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 315 000 FCFA. Avec ces bénéfices réalisés, il compte résoudre l’essentielle de ses dépenses, celles de sa famille, 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
  • 40
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 532.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Issa buy various products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 23, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011