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Zoumana
Mr. Zoumana Konate is 40 years old, married and the father of four children. He lives in a large traditional extended family in the Koko borough of the sub-prefecture of Fakola, part of the Kolondieba prefecture in the third region (Sikasso) of the Republic of Mali.

For social reasons, Zoumana Konate prematurely quit school to pursue revenue-generating activities with his grandfather, whose occupation was the retail trading of fish. After years of apprenticeship, Zoumana decided to practice on his own the same activity as his grandfather, and has been in this line of business for the past ten years. He is very much in demand and is well appreciated by housewives and retailers from neighbouring villages.

Wanting to satisfy his ever-increasing customer base, he joined the Soro Yiriwaso MFI’s credit loan program. He is beginning his second loan cycle having correctly reimbursed the first.

With this loan he intends to buy 1000 kilos of smoked fish from fishermen at the Kolondieba and Bamako markets, or sometimes at fishermen campsites.

He hopes to attain monthly earnings of 125,000 FCFA. The profits will be invested in healthcare and the construction of a new home.
View original language description ↓
Monsieur Zoumana Konaté est âgé de 40 ans, marié et père de quatre enfants. Il réside dans une grande famille traditionnelle élargie au quartier- Koko de Fakola, une sous–préfecture de la préfecture de Kolondièba, troisième région (Sikasso) de la République Mali.
Pour des raisons sociales, Zoumana Konaté abandonne prématurément les études pour s’intéresser aux activités génératrices de revenus auprès des son grand qui faisait l’achat et la vente de poissons. Après des années d’apprentissage, Zoumana décide d‘évoluer en solo en menant la même activité que son grand père et cela depuis maintenant dix ans.
Il est très sollicité et apprécié par les ménagères et revendeurs des villages voisins.
Dans le souci de satisfaire sa clientèle de plus en plus nombreuse, il adhère au programme crédit de l’institution de microfinance Soro Yiriwaso. Il est à son deuxième cycle de prêt après avoir correctement remboursé le premier.
Avec ce prêt il compte acheter, 1000 kg de poissons fumés auprès des producteurs pêcheurs au marché de Kolondièba, Bamako et quelques fois dans les campements de pêcheurs.
Il espère réaliser un bénéfice de 125.000F CFA par mois. Le bénéfice sera investi frais de santé et dans la construction d’une maison d’habitation.

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
  • 157
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 475.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Zoumana buy smoked fish.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 12, 2010
Listed
Oct 31, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011