Check out some available loans that are similar to this one!
Abdoulaye
Mr. Abdoulaye Koné is 27 years old, married (in a monogamous marriage) and the father of 2 children. He lives with his wife in a traditional extended family in Flacoda, a hamlet near Socourani, one of the villages in the sub-prefecture of Fakola, prefecture of Kolondièba in the Third Region (Sikasso) of the Republic of Mali.

Mr Koné, who did not have the opportunity to go to school, soon became interested in activities that produce revenue, in particular, buying and selling agricultural products. To ease his poverty, Mr. Koné belongs to the loan program of Soro Yiriwaso, and he is in his first cycle. With this loan, he plans to buy 3 tons of rice to re-sell in Bamako and in Guèya, a village in Mali's sister republic, Côte-d’Ivoire. When he goes to Guèya in Côte-d’Ivoire, on his way back he buys yams, bananas, and cassava paste cheaply, to re-sell in Mali.

He obtains his supplies in the surrounding villages and hopes to make an average profit of 100,000 CFA francs which will be invested in his business, and also used for healthcare, school fees, food, and to buy animals.
View original language description ↓
Monsieur Abdoulaye Koné est un homme marié de 27 ans, monogame qui est père de deux enfants. Il vit avec son épouse à Flacoda, un hameau de Socourani, l’un des villages de la sous-préfecture de Fakola dans une famille traditionnelle élargie, Préfecture de Kolondièba dans la troisième région (Sikasso) de la République du Mali.
Monsieur Koné, qui n’a pas eu la chance de fréquenter l’école, s’est très vite intéressé aux activités génératrices de revenus notamment à l’achat ventes des produits agricoles.
Pour alléger sa pauvreté Monsieur Koné adhère au programme crédit de Soro Yiriwaso avec qui il est à son premier cycle.
Avec ce prêt, il compte acheter, 3 tonnes de riz pour les revendre à Bamako et à Guèya, un village de la République sœur de la Côte-d’Ivoire.
Quand Monsieur Koné vend son riz à Guèya en Côte-d’Ivoire, de retour il achète des ignames, des bananes, des pâtes de maniocs moins chers pour les revendre au Mali. Il s’approvisionne dans les villages environnants et espère réaliser un bénéfice moyen mensuel de 100. 000 F CFA qui sera investi dans l’entreprise, les frais de santé, scolaire, nourriture et achat d’animaux.

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
  • 154
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 500.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Abdoulaye to buy rice.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 30, 2010
Listed
Jan 13, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011