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Boubacar
Mr. Boubacar C. is over 35 years old, married and the father of two children. He lives in the neighborhood of Kaboïla I-Kélétiguila, in the center of the town of Sikasso (third administrative region of the Republic of Mali.)

He has been practicing his activity for six years after having lead several unsuccessful activities. His customer base is increasing and his own financial resources cannot meet the demand of these customers, so he decided to request a first loan and join the microfinance institution Soro Yiriwasso.

This current individual loan will allow him to increase his working capital in order to buy 10 pairs of shoes “Ferardine”, 5 “Abacos” suit jackets, 5 pairs of dress shoes, a dozen belts, 15 pair of pants of various quality, 10 shirts etc… He gets his supplies in Bamako in order to sell them door-to-door between the various professional entities in Sikasso town and often as far as Baguinéda on the road to Ségou.

This current loan will allow him to make a monthly profit of 120,000 Francs CFA. It will be mostly used to increase his working capital, but also to honor his commitment to Soro Yiriwaso and to cover other family expenses.
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Monsieur Boubacar C. âgé de plus de 35 ans, marié et père de deux enfants. Il habite le quartier Kaboïla I-Kélétiguila, le centre ville de Sikasso (troisième région administrative de la république du mali) .
Il exerce ce métier depuis maintenant six ans après avoir mené plusieurs activités sans succès. Vu l’augmentation de sa clientèle et que ses ressources financières propres ne pouvant satisfaire les attentes de cette clientèle, il jugea utile de venir auprès de l’institution de microfinance Soro Yiriwaso pour lui solliciter un premier prêt.
Ce présent prêt individuel lui permettra d’augmenter son fonds propre afin d’acheter 10 paires de chaussures “Ferardine”, 5 complets de veste “Abacos”, 5 paires de souliers, une douzaine de ceintures, 15 pantalons de qualité différentes, 10 chemises différentes, etc. Il s’approvisionne à Bamako afin de les revendre de façon ambulante entre les différentes structures professionnelles de Sikasso ville et souvent jusqu’à Baguinéda sur la route de Ségou..
Ce présent prêt lui permettra de réaliser un bénéfice de 120 000 FCFA qui servira à augmenter son fonds de commerce mais également d’honorer ses engagements à l’égard de Soro Yiriwaso puis couvrir d’autres dépenses familles.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 497.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Boubacar to purchase clothing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011