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Ousmane
Born on November 18, 1979 in Sikasso, Mr. S. is a married man and the father of two children. He lives with his family in Mamassoni, an outlying district of Sikasso City (3rd administrative region of the Republic of Mali). After having run several businesses unsuccessfully, he became introduced to commerce in electrical supplies and equipment seven years ago. For two years now, he has had his own hardware store located opposite the Tripano Health Center. He is much in demand by his customers (enterprises, individuals, etc.) for the quality of his products.

To satisfy his burgeoning customer base, he decided to join the micro-finance institution Soro Yiriwaso, where he has had three individual loans, which were all repaid properly. It should be noted that the third loan was even repaid in advance. This fourth loan will enable him to buy: 30 boxes of switches, 40 boxes of various bulbs, 15 spools of different wires, 45 pairs of strip lights, 20 packets of circuit breakers, etc., from Bamako, Bobo, Koumassi, and Abidjan (respectively in Mali, Burkina Faso, Ghana, and Cote d'Ivoire).

With this loan, he envisions making a monthly profit of 320,000 francs CFA that will be used essentially to increase his working capital, to help cover family expenses, and to pay the interest on the loan.
View original language description ↓
Né le 18 Novembre 1979 à Sikasso, Monsieur S. est marié et père des deux enfants. Il réside avec sa famille à Mamassoni, un des quartiers péripheriques de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur S. après avoir mené plusieurs activités sans succès, s’est initié au commerce de matériels d’électricités il y a maintenant sept ans. Il y a maintenant deux ans qu’il dispose de sa propre Quincaillerie en face du Centre de Santé Tripano. Il est beaucoup sollicité de sa clientèle (entreprises, particuliers etc) 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 avec laquelle il a bénéficié de trois prêts individuels qui ont été tous correctement remboursés. Il est à noter que ce troisième prêt fut même remboursé par anticipation.
Ainsi ce quatrième prêt lui permettra d’acheter à Bamako, Bobo, Koumassi et Abidjan (respectivement au Mali, en Burkina Faso, au Ghana et en Côte d’Ivoire) 30 cartons de contacteurs, 40 cartons d’ampoules différentes, 15 rouleaux de fil différents, 45 paires de réglettes, 20 paquets de disjoncteurs, etc.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 320 000 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
  • 81
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    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 Ousmane buying electrical supplies for his hardware store.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010