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Issa
Born around 1970 in the Nimporodioula prefecture of Sikasso, Mr. Issa is polygamous with four wives and six children. He lives with his wives and their children in his own house in Medine, one of the popular districts in the town of Sikasso (third administrative region of the Republic of Mali).
After unsuccessfully trying his hand at several businesses, including agriculture, he rapidly learned the business of stocking and retailing food products such as tiger nuts, Shea nuts, and cereals, in which he started ten years ago. With such an experience in this domain, he enjoys a strong reputation and gets many orders from the outside, but he is lacking the resources to meet the demand. He therefore joined Soro Yiriwaso four years ago, and has benefited from four loans, which were all timely repaid.
In order to better meet his ever-growing customer demand, he is requesting this fifth loan. It will enable him to purchase 15 bags of tiger nuts, three tons of corn, seven bags of millet and eight bags of Shea nuts. He gets his supplies from the towns around Sikasso and then stocks them in his store located in the new Medine market of Sikasso, before transferring them to Abidjan and Bobo Dioulasso (respectively in the Republics of Ivory Coast and Burkina Faso) when he gets orders from manufacturers of tiger nut juice and Shea butter. As for cereals, they are sold locally, both wholesale and retail, but mostly to retailers.
With this loan, he is planning on a monthly benefit of 300,000 FCFA. With the profit, he means to address his main expenditure, his family's expenses, to pay his loan's interests and to reinvest the remainder in his business.
View original language description ↓
Né vers 1970 à Nimporodioula préfecture de Sikasso, Monsieur Issa est polygame avec 4 épouses et est père de six enfants. Il réside avec ses quatre femmes et leurs enfants dans sa propre maison à Médine, un des quartiers populaires de la ville de Sikasso (troisième région administrtive de la république du Mali).
Après avoir mené plusieurs activités sans succès notamment l’agriculture et autres, il s’est vite initié aux activités de stockage et commercialisation de produits alimentaires tels le poids sucré, les noix de karité et les céréales depuis plus de 10 années. Avec une telle expérience dans ce domaine, il jouit d’une forte réputation et reçoit beaucoup de commandes de l’extérieur, mais les ressources nécessaires pour satisfaire ces besoins font défaut. Ainsi, il intégra Soro Yiriwaso il y a quatre années et a bénéficié quatre prêts qui ont été tous correctement remboursés. Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, il sollicite ce cinquième prêt qui lui permettra d’acheter 15 sacs de pois sucré, 3 tonnes de maïs, 7 sacs de mil et 8 sacs de noix de karité.
Il s’approvisionne dans les localités environnantes de Sikasso pour ensuite les stocker dans son magasin sis au nouveau du marché de Médine Sikasso, en fin de les ramener à Abidjan et à Bobo Dioulasso (respectivement les république de Côte d’Ivoire et Burkina Faso) sur commande des usines de fabrique de jus de pois sucré et de beure de karité. Pour les céréales, elles sont vendues sur place à la fois en gros et en détail, aux revendeurs essentiellement.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 300 000 FCFA. Avec le bénéfice réalisé, il compte résoudre l’essentielle de ses dépenses, celles de sa famille, 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
  • 154
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 456.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Issa to purchase food products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 2, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012