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Mamadou
Mamadou C., 38, is married with two children, he lives with his wife and children in a large traditional family with his parents and brothers in Wayerma, an outlying district of the city of Sikasso (third regional administration of the Republic of Mali).
Mamadou C. grew up in the business of hardware, since his father started this family business. So he has a very good knowledge of the business, but he does not have the means to respond to the growing demand of his customers. He decided to join the microfinance institution Soro Yiriwaso and from them he is receving his second loan; the previous one has been fully repaid. This loan will allow him to buy 15 paint cans of 4kg each, 14 cartons of energy-saving bulbs and some units of glue sticks, yarn, bleach, sleet, circuit breaker, etc.. His purchases are made in Ghana and Ivory Coast and he resells the products in detail in his hardware store to customers, generally home builders such as architects, contractors, masons, etc..
He expects to make through this loan a monthly profit of 270 000 FCFA which will be used primarily to improve his business, to contribute to family expenses and to pay interests on the loan.
View original language description ↓
Agé de 38 ans, Monsieur Mamadou C. est marié et père de 2 enfants, il réside avec sa femme et ses enfants dans une grande famille traditionnelle avec ses parents et ses frères à Wayerma, un des quartiers péripheriques de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Mamadou C. a grandi dans le domaine de la Quincaillerie puisque c’est le seul métier de la famille depuis le temps de son père. Donc il connaît la quincaillerie en détail mais les moyens lui font défaut pour pouvoir satisfaire sa clientèle qui ne cesse d’augmenter. Il décida alors de rejoindre l’institution de microfinance Soro Yiriwaso avec laquelle il est à son deuxième prêt, le précédent ayant été remboursé par anticipation. Alors ce présent prêt lui permettra d’acheter 15 boîtes de peinture de 4kg, 14 cartons d’ampoule économique et quelque unités de colle, de baguettes, de fil, d’eau de javel, de grésil, de disjoncteur, etc. Ses achats sont faits au Ghana et en Côte d’Ivoire avant de les revendre en détail dans sa quincaillerie à une clientèle composée généralement de constructeurs de maison (architectes, entrepreneurs, maçons, etc.).
Il envisage réaliser avec ce prêt un bénéfice mensuel de 270 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 42
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 477.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mamadou to purchase household goods.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2010
Listed
Nov 10, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011