Check out some available loans that are similar to this one!
Oumar
Oumar is 27 years old, single and a father of one, living with his parents in the Médina Coura district of the city of Koutiala (Sikasso region).

Due to social circumstances, Oumar wasn’t able to continue past elementary school, and he was quick to pursue other income-generating activities with his father. For three years, Oumar has been self-employed. He is very sought-out and appreciated by his customers, because cell phones are a major necessity for people in Mali today.

Oumar turned to the Soro Yiriwaso MFI only two years ago, hoping to better satisfy his customers. He is currently on his third individual loan, and his previous two loans were paid back without any problems. With this loan, he plans on purchasing 10 cell phones, as well as spare parts, in Bamako. He sells for cash to a varied clientele from his stall in Médina Coura, along the paved road.

With this loan, he expects to make a monthly profit of 100,000 CFA francs. He will use this to cover his needs, and invest any remaining funds back into his business.

In the future, he hopes to grow his business to attract more customers.
View original language description ↓
Âgé de 27 ans, célibataire et père d’un enfant, Monsieur Oumar vit chez parents dans le quartier Médina coura de la ville de Koutiala (Région de Sikasso).
Oumar, pour des raisons sociales n’a pas pu continuer les études primaires, et très vite embrassa les activités génératrices de revenus auprès de son père. Depuis maintenant 3 ans Oumar est installé à son propre compte. Il est très sollicité et apprécié par ses clients, car le téléphone portable est de nos jours une nécessité majeure pour la population Malienne.
Dans le souci de satisfaction de sa clientèle, Monsieur Oumar a fait recours à l’institution de microfinance Soro Yiriwaso il n’ y a que 2 ans. Il est à son troisième prêt individuel et les deux prêts précédents ont été remboursés sans difficulté. Avec ce financement il compte acheter, 10 téléphones portables et des pièces de rechange à Bamako, il effectue sa vente dans son kiosque situé à Médina coura aux abords de route goudronnée, à une clientèle mixte au comptant.
Avec ce financement, il compte sur un bénéfice mensuel de 100 000 FCFA qu’il utilisera pour subvenir à ses besoins et investir le reste dans son activité.
Dans les jours à venir, il ambitionne d’agrandir son activité pour attirer plus de clients.

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
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,125
    Funds lent in using Kiva
  • 457.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Oumar to purchase cell phones and spare parts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 11, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012