Check out some available loans that are similar to this one!
Drissa
Drissa is 43 years old and lives with his ​​six children and his wife in a traditional family in Kounkodjan, one of the villages in the sub-prefecture of Baguinéda, part of the Koulikoro Region.

Drissa has not had the opportunity to go to school. Very early on he became interested in income-generating activities, in particular the buying, storing, and selling of cereals. He learned the business from his maternal uncle, who was once a major grain trader.

In order to satisfy his growing number of customers, he decided to work with Soro Yiriwaso. He is now on his fifth individual loan he will use to buy two tons of cereals (maize, beans, millet, fonio) from farmers and producers in Kounkodjan and the surrounding area, and store them for at least two months. He mainly sells wholesale to a clientele made up of dealers from big cities like Bamako.

Drissa expects an average monthly profit of 100,000 FCFA which will be used to repay the loan, the rest being reinvested in the business.
View original language description ↓
Monsieur DRISSA est âgé de 43 ans et vit avec ses six enfants et son épouse dans une famille traditionnelle à KOUNKODJAN, un des villages de la sous- préfecture de BAGUINEDA, Région de Koulikoro.
DRISSA n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat stockage vente de céréales. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand commerçant de céréales.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Il est à son cinquième prêt individuel qui servira à acheter, 2 tonnes de céréales (maïs, haricot, mil, fonio) auprès des paysans producteurs de KOUNKODJAN et environnants qu’il gardera pendant au moins deux mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako.
DRISSA espère réaliser un bénéfice moyen mensuel de 100.000 FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $10,177,025
    Funds lent in using Kiva
  • 490.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Drissa purchase cereals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
Possible
Ended:
May 11, 2012