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Boubacar
Boubacar is more than 35 years old, married, and the father of two children. He lives in the Kaboïla I-Kélétiguila neighborhood in downtown Sikasso. After running several unsuccessful businesses, he launched himself into retail more than three years ago.

He has a shop in Wayerema, where he buys and sells various items such as jeans, belts, shoes (Ferardine, …), and Abacos vests. He's very much sought after by his clientele thanks to the quality of his products.

To meet an ever-increasing customer demand, he decided to join Kiva's partner, Soro Yiriwaso, approximately one year ago. He has already obtained two loans, which were both repaid without problems.

He's seeking his third loan in order to buy 10 pairs of "Ferardine" shoes, 5 "Abacos" vests, 5 pairs of shoes, a dozen belts, 15 pairs of trousers of various quality, and 10 different shirts.

He gets his supplies in Bamako, and resell as a traveling salesman, for cash and on credit, in the various professional institutions in Sikasso, and often as far as Baguinéda, on the road to Ségou.

With this loan, he foresees turning a monthly profit of XOF 200'000 (ca US$ 400), to be used mainly to help paying the family expenses and repay the loan. He will reinvest the remainder in his business.
View original language description ↓
Monsieur Boubacar est âgé de plus de 35 ans, marié et père de deux enfants. Il habite le quartier Kaboïla I-Kélétiguila, le centre ville de Sikasso.
Monsieur Boubacar après avoir mené plusieurs activités sans succès, s’est initié depuis plus de trois ans à cette activité de commerce d’articles divers. Il dispose d’une boutique à Wayerema où il mène cette activité d’achat et de vente d’articles tels les Jeans, Ferardines, Abacos, Chaussures, souliers, ceintures etc. 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 y a environ un an. Il a bénéficié de 2 crédits qui ont été tous correctement remboursés.
Il sollicite ainsi ce troisième crédit pour pouvoir acheter 10 paires de chaussures “Ferardine”, 5 complets de veste “Abacos”, 5 paires de souliers, une douzaine de ceintures, 15 pantalons de qualité différentes et 10 chemises différentes. Il s’approvisionne à Bamako avant de les revendre de façon ambulante, au comptant et à crédit, dans les différentes structures professionnelles de Sikasso ville et souvent jusqu’à Baguinéda sur la route de Ségou.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 200 000 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

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    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 Boubacar to buy 15 pairs shoes, 5 vests, a dozen belts, 15 pairs of trousers, and 10 shirts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 3, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012