Check out some available loans that are similar to this one!
Sériba
Born on October 8, 1960 in Tinzanadougou, Mr. Sériba is married and lives with his wife and their children in a large traditional extended family in Sanoubougou I, one of the working-class districts of the city of Sikasso (Mali's third administrative region).
Mr. Sériba gained interest in buying and selling livestock about nine years ago, after managing several unsuccessful businesses. He conducts his business at the livestock market in Medina, where he sells sheep, goats, etc. He is very much in demand with his customers for the quality of his livestock.
To satisfy his ever-growing customer base, he has decided to join the Soro Yiriwaso micro-finance organization. He is on his first individual loan with them, to purchase more heads of livestock in neighboring towns (for instance Bamoukou, Kléla, Koro Barrage, etc.), which will allow him to better satisfy his ever-growing clientele.
With this loan, he plans on making a 100,000 CFA monthly benefit, which will be used mostly to increase his capital, to contribute to the family's expenses, and to repay his loan's interests.
View original language description ↓
Né le 08 Octobre 1960 à Tinzanadougou, Monsieur Sériba est marié et réside avec son épouse et leurs enfanfs dans une grande famille traditionnelle élargie à Sanoubougou I, un des quartiers populaires de la ville de Sikasso ( troisième région administrative de la république du Mali).
Monsieur Sériba après avoir mené plusieurs activités sans succès, s’est intéressé au domaine de l’achat vente de bétails il y a environ 9 ans. Il mène cette activité au marché de bétail du nouveau marché de Médine où il vend des (moutons, chèvres, etc.). Il est beaucoup sollicité de sa clientèle pour la qualité de son bétail.
Pour satisfaire sa clientèle de plus en plus croissante, il décide de rejoindre l’institution de microfinance Soro Yiriwaso avec qui il est à son premier prêt individuel pour acheter plus de têtes de bétail dans les localités environnantes que sont entre autres (Bamoukou, Kléla, Koro Barrage, etc.) lui permettant de mieux satisfaire sa clientèle de plus en plus croissante.
Avec ce prêt il envisage réaliser un bénéfice mensuel de 100 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 454.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Sériba to purchase livestock (sheep, goats, etc.).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 19, 2011
Listed
Jun 3, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011