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Zoumana
At 40 years old Zoumana has two wives, is the the father of three children, and lives in a polygamous family in the town of Koutiala (in the Sikasso region).

Zoumana was not given the opportunity to pursue his education, which is why he has focused since his youth on income-generating activities learned from his late merchant father. He specializes in selling sundry shop items.

To ensure the satisfaction of an increasing number of customers and the expansion of his business, Mr. Zoumana approached the Soro Yiriwaso micro-finance institution three years ago. He is now on his sixth individual loan and all five previous loans were repaid without difficulty.

This sixth loan will be used to acquire a stock of various commodities (milk powder, sugar, tea, cigarettes, canned goods, cookies). He resupplies at Koutiala wholesalers and sells retail in his home-based shop, for cash only to a mixed clientele .

With the expansion of his business, Mr. Zoumana expects a monthly profit of 150,000 FCFA, that will be used to repay Soro loan interests, meet family needs and reinvest the remainder in the business.
View original language description ↓
Âgé de 40 ans et ayant deux épouses, père de 3 enfants, ZOUMANA vit dans une famille polygame dans la ville de Koutiala (Région de Sikasso).
ZOUMANA n’a pas eu la chance d’être instruit raison pour laquelle il s’est basé sur les activités génératrices de revenus depuis sa jeunesse qu’il apprit auprès de son feu père commerçant. Il est spécialisé dans le commerce d’articles divers de boutique.
Pour la bonne satisfaction de sa clientèle en nette croissance et l’agrandissement de son activité, Monsieur ZOUMANA a fait recours à l’institution de microfinance Soro Yiriwaso depuis 3 ans. Il est à son sixième prêt individuel et tous cinq les prêts précédents ont été remboursés sans difficulté.
Ce prêt sixième prêt sera utilisé pour l’acquisition des stocks de diverses marchandises (lait en poudre, sucre, thés, cigarettes, boîtes de conserves, biscuits). Il s’approvisionne auprès des grossistes de Koutiala et effectue sa vente dans sa boutique où il habite à une clientèle mixte au comptant.
Avec l’agrandissement de son activité, Monsieur compte réaliser un bénéfice mensuel de 150.000 FCFA qu’il utilisera pour le remboursement des taux d’intérêts de Soro, satisfaire le besoin de sa famille 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
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 488.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Zoumana buy various products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012