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Seydou
Mr. Seydou Koné is a 38-year-old married man who is polygamous and the father of four children.  He lives in a large traditional family in Kèlèkèlè, a village in Tousséguéla sub-prefecture, Kolondièba prefecture, in the third region (Sikasso) of the Republic of Mali.

To better reduce his poverty, Mr. Koné joined the micro-finance institution Soro Yiriwaso loan program and is now on his fourth loan cycle.  With the new loan, he intends to obtain 400 kg of peanut seeds, 1,000 kg of millet, and 2,000 kg of corn that he will stock up for resale when prices are higher.  He gets his supplies from the Kolondièba market on the days when the fair is held. He sells in Bamako to a customer base composed essentially of retailers. He hopes to make an average monthly profit of 30,000 francs CFA. 

Looking forward, he hopes to open a large store in Kolondièba, the prefecture seat, in order to satisfy his customers, who are becoming more numerous.  The profits will be used to cover schooling costs, health care, and food.  The rest of it will be invested in his business.
View original language description ↓
Monsieur Seydou Koné est un homme marié de 38 ans, polygame et père de quatre enfants vivant à Kèlèkèlè l’un des villages de la Sous-préfecture de Tousséguéla dans la grande famille traditionnelle, Préfecture de Kolondièba dans la troisième région (Sikasso) de la République du Mali.
Pour mieux alléger sa pauvreté, Monsieur Koné adhéra au programme crédit de Soro Yiriwaso avec qui il est à son quatre cycle.
Avec ce prêt, il compte avoir 400 kilogrammes de grains d’arachide, 1000 kilogrammes de mil et 2000 kilogrammes de maïs qu’il stockera pour revendre en une période où le cours sera plus élevé.
Il s’approvisionne au marché de Kolondièba les jours de foire et revend à Bamako à une clientèle essentiellement constituée de revendeurs.
Il espère réaliser un bénéfice moyen mensuel de 30. 000 FCFA
En perspective il compte ouvrir un grand magasin à Kolondièba chef lieu de la préfecture enfin de satisfaire sa clientèle qui devient de plus nombreuse.
Le bénéfice servira à prendra en charge les frais scolaires, de santé, de nourriture et le reste sera investi dans l’entreprise.

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
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 475.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Seydou buying grains.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 11, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011