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Bakary
Mr Bakary Sidibé is a 32 year old man, married, and the father of two children. He lives with his wife and children in a traditional family, at his father's home, in the neighborhood of Dougounina in the city of Bougouni.

Having not attended school, he began working at a young age, notably in the purchasing and sales of spare car parts. He learned this activity from his father, who was a well-respected mechanic. He is very good at his work, having done this for the past 15 years. Prior to joining the microlending organization Soro Yiriwaso, Mr Sidibé was struggling to maintain his business due to a lack of consistent funds. He decided to join the organization in order satisfy the demands of his customers to be able to grow his business. He is asking for a second loan from Soro Yiriwaso, after having reimbursed the first loan on time.

This loan would allow him to purchase a large quantity of spare parts from wholesalers and then re-sell either to retailers for cash. The estimated monthly profits of approximately 75,000 FCFA [approximately 160 USD] he hopes to receive will allow him to expand his business.
View original language description ↓
Monsieur Bakary Sidibé est un homme marié de 32 ans et père de 2 enfants qui vit avec sa femme et ses enfants dans une famille traditionnelle élargie, chez son père, dans le quartier Dougounina de la ville de Bougouni.
N’ayant pas fréquenté le système scolaire moderne, très vite il commença les activités économiques, notamment l’achat vente de pièces détachées. Il a appris cette activité auprès de son père qui fut un mécanicien garagiste très réputé de la place. Avec une expérience de 15 ans, il maîtrise son activité.
Avant d’intégrer le programme de crédit de Soro Yiriwaso, Monsieur Bakary Sidibé n’arrivait pas à mener à bien son activité à cause d’un manque de fonds de roulement.
C’est ainsi qu’il décida d’intégrer l’institution afin de satisfaire sa clientèle qui ne cesse d’accroitre. Il est à son deuxième prêt avec Soro Yiriwaso et le prêt précédent a été correctement remboursé.
Ce prêt lui permettra d’acheter, une grande quantité de pièces détachées auprès des grossistes et effectuera sa vente en détail et au comptant.
Le bénéfice mensuel de 75 000FCFA qu’il espère gagner va lui permettre d’agrandir son entreprise.

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
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 456.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Bakary purchase spare car parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
Possible
Ended:
May 24, 2012