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Yacouba
Born in Sikasso and 34 years of age, Mr. Yacouba is married and the father of six children. He lives with his spouse and children in a big traditional family in the village of Bougoula, about 7 km from the city of Skiasso (the third administrative region of Mali).

After having tried different business activities without success, Mr. Yacoubal started selling cereals and various first-need items from a store in front of his family home. For over a dozen years, he has been selling articles such as corn, cigarettes, candy, matches, chewing gum, milk powder, tea, sugar, soap., etc. He is much sought after by his customers due to the quality of his goods.

In order to meet the growing customer demand, about four years ago he decided to join the Soro Yiriwaso microfinance institution about four years ago. And thus he already obtained four individual loans and repaid all of them well.

He is now seeking his fifth loan in order to increase his working capital and buy six tons of corn, 15 cartions of various cigarettes, three boxes of tea, four bags of sugar, eight packs of milk powder, five packs of bandy, ten packs of chewing gum, 30 packs of matches and five boxes of soap.

He buys his goods from wholesalers in the town of Sikasso and in nearby area and sells retail, for cash and on credit to customers coming from all social segments in his neighborhood.

With this loan, he plans to achieve a monthly income of 100,000 West African francs, which will be used to offset family expenses and pay the interest on his loan, with the rest reinvested in his business.
View original language description ↓
Né à Sikasso et âgé de 34 ans, Monsieur Yacouba est marié et père de six enfants, il réside avec son épouse et leurs enfants dans une grande famille traditionnelle Bougoula Hameau environ 7 km de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Yacouba après avoir mené plusieurs activités sans succès, s’est initié au commerce de céréales de d’articles divers de boutique, dont il dispose une boutique devant le domicile conjugal où il mène ses activités d’achat et vente des articles tels, le maïs, la cigarette, les bonbons, allumettes, Chewing Gum, lait en poudre, thé, sucre, savon, etc depuis plus de douze ans. Il est beaucoup sollicité de sa clientèle pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso il ya environ quatre ans. Ainsi il déjà bénéficié de quatre prêts individuels qui ont été tous correctement remboursés.
Il sollicite ce cinquième prêt pour augmenter son fonds de commerce afin d’acquérir 6 tonnes de maïs, 15 cartouches de Cigarettes différentes, 3 cartons du thé, 4 sacs du sucre, 8 paquets de lait en poudre, 5 paquets de bonbons, 10 paquets de Chewing Gum, 30 paquets d’allumettes et 5 cartons de savon.
S’approvisionnant auprès de commerçants grossistes de la ville de Sikasso et environnants, il revend ses marchandises en détail, au comptant et à crédit à une clientèle composée de toutes sortes de couches sociales de sa localité.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 100 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, 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
  • 33
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    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 Yacouba to buy cereals and various first-need items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 2, 2011
Listed
Sep 7, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012