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Chaka
Mr. Chaka Dembélé is 26 years old, married, and the father of three children. He lives with his immediate family in the Pelengana Nord neighborhood in the city of Ségou (in the fourth administrative region of Mali).

Not having been able to attend school, he went into business at a very young age with his older brother, who had a store where he sold various products. After spending several years in business with his brother, he began to develop several business activities himself, such as the sale of grain and the sale of cement; he then changed his occupation to grain milling. He has been in business as a miller for 7 years and has a very good reputation in Bagadadji, his place of work. His clientele is due to the quality of service he provides.

In order to meet customer demand, he has requested help from Soro Yiriwaso to buy a new mill (huller). This is his first loan, and he will purchase the mill in Ségou.

Mr. Chaka Dembélé does all his business in cash, with a client base made up mostly of women. With this loan, he expects to make a monthly profit of 150,000 FCFA. This profit will allow him to pay his electrical bill, his rent, and his employees. His ambition is to diversify his business by expanding to cereal sales, or to open a large warehouse.
Monsieur Chaka Dembélé est âgée de 26 ans, marié et père de 3 enfants. il vit dans une famille nucléaire au quartier Pelengana Nord de la ville de Ségou (quatrième région administrative de la république du Mali).
N’ayant pas fréquenté l’école pour des raisons sociales, il commença très tôt à faire le commerce à côté de son grand frère qui tenait une boutique de ventes d’articles divers. Ayant passé plusieurs années auprès de ce dernier, il commence à évoluer seul en menant plusieurs activités telles la vente de céréales, de ciments, mais finit par se reconvertir dans le métier de meunier.
Il mène cette activité depuis 7 ans et jouit d’une grande renommée dans son lieu de travail à Bagadadji. Sa clientèle est due à la qualité du service fourni.
Dans le dessein de faire face à la demande clientèle, il a fait recours à Soro Yiriwaso afin acheter un nouveau moulin (décortiqueur). Il est à son 1er prêt et s’approvisionnera sur place à Ségou.
Monsieur Chaka Dembélé fait toujours ses prestations au comptant à une clientèle composée majoritairement de femmes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 150 000FCFA. Ce bénéfice lui permettra de payer sa facture d’électricité, son loyer et son personnel.
Son ambition est de diversifier son activité en menant le commerce de céréales, sinon ouvrir un grand magasin de stockage.

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
  • 41
    View loans »
    Mali Loans Fundraising
  • $10,437,500
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Chaka purchase of a grain mill.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011