Check out some available loans that are similar to this one!
Nouhoum
35 years of age, Mr. Nouhoum D. is married and the father of four (two boys and two girls). He lives in a traditional large extended family in Hamdallaye, a peripheral area of the town of Sikasso (the third administrative district of Mali).

Not having had the chance to attend school and coming from a family of blacksmiths, he quickly learned this family trade early on and became a blacksmith as well. He purchases aluminum in Bamako in order to make various objects out of it (pots, tea kettles, plates, spoons etc).
With his long experience and good business reputation, he is very much in demand as clients appreciate the high quality of his service. At present, given his limited means, he is unable to satisfy the growing customer demand. He joined the Soro Yiriwaso microfinance institution over a year ago and already obtained a loan, perfectly repaid. And so, in order to continue growing his business and better satisfy the growing demand, he is seeking a second loan to purchase 950 kg [approx. 2100 lbs] of aluminum and some additional materials.

With this loan, he plans to achieve a monthly revenue of 300,000 West African Francs. The revenues from this activity will allow him to repay his loan and provide for his family’s needs as well as reinvest the remaining funds into this business.
View original language description ↓
Âgé de 35 ans, Monsieur Nouhoum D. est marié et père de 4 enfants (2garçons et 2 filles). Il réside dans une grande famille traditionnelle élargie à Hamdallaye, un des quartiers péripheriques de la ville de Sikasso (troisième région administrative de la république du Mali).
N’ayant pas eu la chance d’aller à l’école et forgeron de catégorie sociale, il s’est vite initié à cette activité familiale depuis très jeune à savoir celle de la forge. Il achète l’aluminium à Bamako pour les transformer en objets de toutes sortes (Marmites, théières, assiettes, cuillères, etc).
Nanti d’une grande expérience et d’une bonne notoriété, il fait l’objet d’une sollicitation sans pareille des clients compte tenu de la qualité de ses services. Aujourd’hui, compte tenu de peu de moyens dont il dispose, il se voit incapable de satisfaire la demande qui est de plus en plus forte. Ainsi, il intégra l’institution de microfinance Soro Yiriwaso depuis plus d’un an, il a bénéficié d’un premier prêt très bien remboursé. C’est donc dans le cadre de toujours mieux relancer son activité afin de mieux satisfaire la demande de sa clientèle qui ne cesse d’augmenter qu’il sollicite un deuxième prêt pour acheter, 950kg d’aluminium et quelques matériels supplémentaires.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 300 000 FCFA. Les bénéfices qu’il générera de l’exercice de cette activité lui permettront de rembourser son prêt et faire face aux besoins de sa famille, ensuite investir le reste dans 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

  • $1,100
    Average annual income
  • 24
    View loans »
    Mali Loans Fundraising
  • $11,381,625
    Funds lent in using Kiva
  • 472.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD