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Sidiki
Mr. Sidiki is 46 years old and the father of seven children. He lives in a traditional family in the city of Koutiala.

Due to family problems, he left school early and from an early childhood took an interest in income-generating activities. After trying his hand at several activities without success, he focused on the sale of smoked fish, which he learned from his father 20 years ago.

His reputation is good, because smoked fish are quite popular in Koutiala.

To increase his working capital and strengthen his sales, he decided to join the Soro Yiriwaso micro-finance institution. He is on his second individual loan, the first having been fully repaid.

With this funding, he intends to buy 10 baskets of smoked fish in Korientzé (in the Mopti Region), from fishermen belonging to the Bozo and Somonô ethnic groups. Mr. Sidiki retails his products at the Koutiala fish market, to both men and women customers, for cash or credit.

He expects this funding will enable him to attain monthly profits of 120,000 FCFA he will use to repay interest on the Soro Yiriwaso loan, meet his family's needs, and invest the rest in his business activity.
View original language description ↓
Monsieur SIDIKI est âgé de 46 ans et est père de 7 enfants. Il vit dans une traditionnelle dans la ville de Koutiala.
Du a des problèmes de famille, il a prématurément abandonné l’école pour s’intéresser aux activités génératrices de revenus depuis son enfance. Après avoir mené plusieurs activités sans réussite, il s’est basé sur la vente des poissons fumés qu’il apprit auprès de son père il y a 20 ans. Sa notoriété est bonne, car les poissons fumés sont les plus prisés à Koutiala.
Pour pouvoir augmenter son fonds de commerce et renforcer sa capacité de vente, il a décidé de rejoindre l‘institution de microfinance Soro Yiriwaso, est à son deuxième prêt individuel dont le premier a été bien remboursé .
Avec ce financement, il compte acheter, 10 paniers de poissons fumés à Korientzé (Région de Mopti) auprès des pêcheurs d’ethnie Bozo et Somonô. Monsieur SIDIKI effectue sa vente au marché de poisson de Koutiala à une clientèle constituée de femmes et d’ hommes au comptant et à crédit.
Avec ce financement il compte réaliser un profit de 120.000FCFA par mois qu’il utilisera pour le remboursement des intérêts de Soro Yiriwaso, satisfaire les besoins 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
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,125
    Funds lent in using Kiva
  • 489.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Sidiki buy smoked fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 2, 2011
Listed
Dec 8, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012