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Seydou
A native of Koutiala, Mr. Seydou C. is 30 years old, married and the father of 3 children. He is polygamous and lives with his wives and children in the Darsalam II neighborhood of Koutiala (Sikasso Region). He did not attend school for social reasons. Thus, he took up his father's line of business at a young age and has operated it for himself for 10 years. He is much sought after by his customers because the less costly and better quality second-hand clothing is much appreciated in Mali. In order to satisfy customer demand, Mr. C. turned to the Soro Yiriwaso microfinance institution, where he has his first loan. He plans to buy 5 bales of second-hand clothing at Burkina Faso with this loan. He conducts his sales principally in cash at the large market in Koutiala under his shed roof to a clientele composed of women and men. With this loan, he expects to make a monthly profit of 100,000 CFA to support himself; namely, to repay the loan, to provide for his family and to invest the rest in his business. In the future, he plans to expand his buiness in order to attract more customers.
View original language description ↓
Natif de Koutiala, Monsieur Seydou C. est âgé de 30 ans, mariée et père de 3 enfants. Il est polygame et vit avec ses femmes et ses enfants dans le quartier Darsalam II de la ville de Koutiala (Région de Sikasso).
Il n’a pas fréquenté l’école pour des raisons sociales, c’est ainsi qu’il embrassa les activités génératrices de revenus auprès de son père depuis son jeune âge et l’exerce pour lui-même il y a 10 ans. Il est très bien sollicité par ses clients, car les friperies sont moins coûteuses et sont de meilleure qualité très appréciée au Mali.
Pour la bonne satisfaction de sa clientèle, Monsieur C. a fait recours à l’institution de microfinance Soro Yiriwaso avec qui il est à son premier prêt.
Avec ce prêt il compte acheter, 5 balles de friperies au Burkina Faso. Il effectue sa vente au grand marché de Koutiala sous son hangar, à une clientèle constituée de femmes et d’hommes essentiellement au comptant.
Avec ce financement, il compte sur un bénéfice mensuel de 100 000 FCFA pour subvenir à ses besoins à savoir le remboursement du prêt, satisfaire les charges de la famille et investir le reste dans son activité.
Dans les jours à venir, il envisage agrandir son activité pour attirer plus de clients.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 496.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Seydou to buy second-hand clothing.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 7, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010