Check out some available loans that are similar to this one!
Hamidou Ousmane
Hamidou is a 23-year-old single man who lives in an extended traditional family in the city of Sikasso.

Having not had the opportunity to pursue his studies, Hamidou learned early on the business of buying and selling mobile phones and accessories (skin cases, batteries, chargers, headphones, etc.), an activity he has been practicing for nearly 10 years. He conducts his business in his own shop at the Sikasso bus station and his clientele consists mainly of travelers and carriers. He is in high demand due to the quality of his merchandise.

Eager to meet the needs of his growing customer base, he decided to join the micro-finance institution Soro Yiriwaso, where he has previously received three loans, all properly repaid.

He is seeking a fourth loan to go to Bamako to purchase 40 mobile phones of various brands, 3 boxes of skin cases, about 15 chargers, 20 packs of memory cards, 15 boxes of batteries, a dozen set of headphones in different styles, a selection of watches and some belts.

He hopes to earn a monthly profit of 350,000 FCFA, which he will use primarily to increase his working capital, to help with the household expenses, and to pay the interest on the loan.
Hamidou est un célibataire de 23 ans résidant dans une famille traditionnelle élargie dans la ville de Sikasso.
Hamidou n’ayant pas eu la chance de progresser dans les études s’est très vite initié depuis près de dix ans à cette activité d’achat et de vente de téléphones portables et leurs accessoires (façades, batteries, chargeurs, écouteurs, etc.). Son activité est menée dans sa propre boutique à la gare routière de Sikasso avec une clientèle composée essentiellement des voyageurs et surtout de transporteurs. Il est beaucoup sollicité de sa clientèle pour la qualité de ses produits.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, Il décida d’intégrer l’institution de microfinance Soro Yiriwaso avec laquelle il bénéficié de trois crédits tous correctement remboursés. Il sollicite ce quatrième crédit pour acheter à Bamako, 40 téléphones portables de marques différentes, 3 cartons de façades, une quinzaine de chargeurs, 20 paquets de carte mémoire, 15 cartons de batterie, 10 douzaines d’écouteurs de différentes sortes, une dizaine de montres différentes et des ceintures.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 350 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 486.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Hamidou Ousmane to buy mobile phones and accessories for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012