Check out some available loans that are similar to this one!
Daouda
41 years of age, Mr. Daouda C. has two wives and five children, and lives with his family in the Darsalam I district in the Koutiala Prefecture (Sikasso Region).

Due to family difficulties, he has not been able to continue secondary studies, and very early started earning a living alongside his father.

This activity is profitable and brings him quite a bit of income as each months he receives many orders for spare parts and car glass. In order to better satisfy this customers’ needs and to expand his business, Mr. Daouda has turned to the microfinance institution Soro Yiriwaso, and is now on his first loan.

This loan will allow him to purchase some used spare parts in Lomé. He sells his wares in the town of Koutiala to a customer base composed of both women and men, for cash and on credit.

By expanding his business, Daouda plans to achieve a monthly income of 150,000, which will be used to repay his loan, take care of the family needs and reinvest the remainder n his business.

He plans is to repay this loan properly in order to be able to obtain another one subsequently and continue growing his business.
View original language description ↓
Âgé de 41 ans, Monsieur Daouda C. est mariée à deux épouses père de 5 enfants et vit chez lui-même avec sa famille dans le quartier Darsalam I de la préfecture de Koutiala (Région de Sikasso).
A cause des problèmes de famille, il n’a pas pu continuer ses études secondaires, alors il s’est intéressé aux activités génératrices de revenus auprès de son père.
Cette activité lui est très rentable et lui procure assez de revenus car il reçoit beaucoup de commandes de pièces détachées et des vitres pour auto dans le mois.
Pour la bonne satisfaction de sa clientèle et l’élargissement de son activité, Monsieur Daouda a fait recours à l’institution de microfinance Soro Yiriwaso avec qui il est à son premier prêt.
Ce prêt servira à acquérir quelques pièces détachées d’occasion à Lomé. Il effectue sa vente dans la ville de Koutiala à une clientèle composée de femmes et d’ hommes au comptant et à crédit.
Avec l’élargissement de son activité, Daouda compte réaliser un bénéfice de 150 000 FCFA par mois qu’il utilisera pour le remboursement du prêt, prendre en charge les besoins de sa famille et investir le reste dans son activité.
Il envisage rembourser ce prêt correctement pour qu’il puisse bénéficier d’un autre dans le but d’agrandir 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
  • 35
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 471.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Daouda purchasing used spare parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 29, 2010
Listed
Oct 8, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 21, 2011