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Siaka
Born on April 19, 1978 in Sikasso City, Mr. Siaka B. is a married man and a father of two children (a boy and a girl). He resides with his wife and children in a large traditional family with his parents and brothers in Lafiabougou, a suburb of Sikasso City (3rd administrative region of the Republic of Mali). Wanting to enter the working world, Mr. B. got started in the buying and selling of hardware. He currently has a hardware store at the main market of Sikasso. He is in high demand for the quality of his goods.

To satisfy his burgeoning customer base, he decided to join the loan program of the micro-finance institution Soro Yiriwaso over a year ago. After an initial loan, which was properly repaid, he is now on his second loan that will enable him to increase his working capital.

With this second loan, he intends to buy 20 boxes of welding rods, 12 containers of glue, 15 packages of paint, 70 meters of wire, 8 shovels, 5 picks, etc. He gets his supplies from wholesale merchants in Bamako and then sells them retail to a customer base composed generally of house builders (architects, entrepreneurs, masons, etc.)

With this loan, he envisions making a monthly profit of 250,000 francs CFA that will be used essentially for helping with family expenses and paying the loan interest. The rest will be invested in his business.
View original language description ↓
Né le 19 Avril 1978 à Sikasso ville, Monsieur Siaka B. est marié et père de 2 enfants (1 garçon et 1 fille), il réside avec sa femme et ses enfants dans une grande famille traditionnelle avec ses parents et ses frères à Lafiabougou, un des quartiers périphériques de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur B. dans le souci de s’insérer dans le tissu économique, s’est initié à l’achat et à la vente d’articles de quincaillerie dont il dispose actuellement une boutique au grand marché de Sikasso. Il est beaucoup sollicité pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décida d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso depuis plus d’une année. Après un premier premier correctement remboursé, il est à son deuxième qui permettra d’augmenter son fonds de commerce.
Avec ce deuxième prêt , il compte acheter 20 cartons baquettes, 12 boîtes de colles, 15 paquets de peintures, 70 mètres de fil, 8 pelles, 5 piques, etc. Il s’approvisionne auprès de commerçants grossistes à Bamako avant de les revendre en détail à une clientèle composée généralement des constructeurs de maison (architectes, entrepreneurs, maçons, etc.)
Il envisage réaliser avec ce prêt un bénéfice mensuel de 250 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, payer les intérêts de son prêt et 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

  • $1,200
    Average annual income
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 482.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Siaka buying hardware items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2011
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011