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Born around 1971 in San, in the prefecture of San, Mr. Dossolo M. did not have a chance to excel in academic studies (having left school in 8th grade of general studies, as per Mali educational system), and so he turned his attention to making a living, more specifically selling cereals. He has two wives and is the father of five children. He lives in his own home in Sienso, in the San prefecture. He masters the cereals business, having learned it from his father some twenty years ago. He has his own business in Sienso. He is very much in demand at the weekly markets of the town of San and nearby areas.

With the goal of expanding his business, two years ago he decided to seek assistance from the microfinance institution Soro Yiriwaso. He is on his second individual loan.

Mr. Dossolo plans to purchase 1 ton of rice paddy, 2 tons of small millet and 0.5 tons of millet. He buys his stock form wholesalers of Sienso, but with the increased working capital he plans to go directly to farmers to stock up. He sells in Sienso everyday, next to the asphalted road, to a client base composed of women and men, on credit and for cash. He expects to achieve a monthly income of 40,000 West African Francs, which he plans to use for repaying the loan, with the rest used to cover school fees of his children and food. The rest will be reinvested in his business. He has his sights set on increasing his next loan in order to improve his life conditions.
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Né vers 1971 à SAN, préfecture du même nom, Monsieur Dossolo M. n’a pas pu faire de brillantes études (car abandonna l’école en classe de 8ème année fondamentale : système éducatif Malien), alors il s’intéressa aux activités génératrices de revenus c'est-à-dire le commerce de céréales. Il est marié à deux épouses et est père de 5 enfants. Il vit chez lui même à Sienso de la préfecture de San.
Il excelle dans la vente de céréales qu’ il a appris auprès de son père il y a une vingtaine d’année. Il l’exerce actuellement pour lui même à Sienso. Il est très sollicité dans les foires hebdomadaire de San ville et environnants.
Dans le souci d’augmenter la taille de son activité, il décida de faire recours à l‘institution de microfinance Soro Yiriwaso il y a deux ans. Il est à son deuxième prêt individuel.
Monsieur Dossolo compte acheter, 1 tonne de riz paddy, 2 tonnes de petits mils et 0,5 tonnes de mils. Il s’approvisionne auprès des commerçants grossistes de Sienso, mais avec l’augmentation du fonds de commerce, il compte aller jusque chez les cultivateurs pour s’approvisionner. Il vend tous les jours à Sienso au bord du goudron, à une clientèle composée de femmes et d’hommes à crédit et au comptant.
Il compte réaliser un bénéfice mensuel de 40 000 FCFA qu’il envisage utiliser pour rembourser l’échéance du prêt, utiliser le reste pour payer les frais de scolarité de ses enfants, acheter la nourriture et investir le reste dans d’autres activités génératrices de revenus .
Il ambitionne augmenter son prochain prêt afin d’améliorer sa condition de vie.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $11,524,125
    Funds lent in using Kiva
  • 491.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD