Check out some available loans that are similar to this one!
Saibou is a married 39-year-old father of one who lives in a nuclear family with his child and wife in the Niebala area of Bougouni.
Having not gone to school, he started working early in life, including buying and selling motorbikes in Bamako (capital of the Republic of Mali) with no success. Some years later, he returned to his uncle in Bougouni to learn about buying and selling spare parts.
Since becoming involved with the Soro Yiriwaso loan program, his job sector has evolved, and his buying and selling cycle has changed a lot.
With 8 years of experience, he is an expert at his job.
To increase the size of his shop, Saibou has decided to take out a loan through Soro Yiriwaso to buy 15 tires, 10 batteries, 2 bunches of keys, and 25 inner tubes in Bamako.
He is on his fifth loan with Soro Yiriwaso and his four previous loans were all repaid in full.
With this loan, Saibou hopes to make a monthly profit of 70,750 FCFA. He hopes to increase the size of his business with this money.
View original language description ↓
Monsieur Saibou est un homme marié de 39 ans et père de 1 enfants qui vit dans une famille nucléaire et ses enfants et son épouse dans le quartier Niebala de Bougouni.
N’ayant pas fréquenté l’école moderne, très jeune il commença les activités génératrices de revenus telles l’achat et la vente des motos à Bamako (capitale de la république du Mali) et cela sans succès. Quelques années après il revient auprès de son oncle à Bougouni pour apprendre l’achat et la vente des pièces détachées.
Depuis qu’il a intégré le programme de crédit de Soro Yiriwaso, son secteur d’activité a évolué, son cycle achat et vente a beaucoup changé.
Avec une expérience de 8 années, il maîtrise son activité.
Pour agrandir sa boutique Monsieur Saibou décida de prendre un prêt avec Soro Yiriwaso pour acheter, 15 pneus, 10 batteries, 2 trousseaux de clé et 25 chambres à air, à Bamako.
Il est à son cinquième prêt avec Soro Yiriwaso et tous les quatre prêts précédents ont été correctement remboursés.
Avec ce prêt, Monsieur Saibou compte réaliser un bénéfice mensuel de 70 750 FCFA. Il envisage avec ce bénéfice 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
  • 23
    View loans »
    Mali Loans Fundraising
  • $10,720,375
    Funds lent in using Kiva
  • 450.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Saibou to buy spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 6, 2011
Aug 1, 2011
Currency Exchange Loss:
Jul 15, 2012