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Samba
Samba is 32, married and the father of 3 children. He lives with his wife and children in Bougouni. He left school at a young age and quickly started in business, buying and selling shoes, and selling cereals for a few years. Unfortunately, these enterprises failed and he decided to learn from his uncle, who bought and sold second hand clothing. Samba now sells second hand clothes at the Bougouni bus station and the weekly markets, and is a skillful salesman with 10 years experience in the business.

Samba decided to join the microfinance institution Soro Yiriwaso so that he could invest in his business and expand his activities. This is his first loan request with the institution and he will use the money to buy 3 bales of second hand clothing from the wholesalers in Bamako. He will resell the clothes to his large and varied customer base, for cash or credit. He predicts an average monthly profit of 70 000 francs, which he will use to repay the loan and support his family. He plans to reinvest any extra money back in his business. His ultimate goal is to become a wholesaler in Bougouni.
Monsieur Samba est une homme marié de 32 et père de 3 enfants qui réside avec sa femme et ses enfants à Bougouni.
Ayant vite abandonné l’école, il commença très tôt les activités génératrices de revenus telles l’achat et la vente de chaussures, de céréales pendant des années et cela sans réussite. Alors, il décide d’apprendre auprès de son oncle, les activités d’achat vente de friperies. Il mène son activité à la gare routière de Bougouni et dans les marchés hebdomadaires.
Avec une expérience de plus de 10 années, il maîtrise son activité.
Afin d'agrandir son entreprise, il décida de rejoindre l’institution de microfinance Soro Yiriwaso avec qui il est à son premier prêt.
Il compte acheter avec son prêt 3 balles de friperie à Bamako auprès des grossistes et effectue sa vente en détail, au comptant et à crédit à une clientèle diverse et variée.
Avec ce prêt il compte réaliser un bénéfice mensuel de 70.000 FCFA, qui sera utilisé pour rembourser le prêt, subvenir aux dépenses de la famille et le reste investi dans l’activité.
Il ambitionne d’être grossiste à Bougouni.

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
  • 34
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 476.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Samba to buy second hand clothing for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 1, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Possible
Ended:
May 11, 2012