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Siaka
Born in 1978 in Sikasso village, Mr. Siaka is married and the father of two children. He lives with his wife and children in a big traditional family with his parents and his brothers in Lafiabougou, a suburb of Sikasso. Mr. Siaka did not have the chance to finish school, so he quickly began buying and selling hardware. He has a hardware store at a large market in Sikasso. He is well sought-out by his clients because of the quality of his products. To satisfy his growing clientele, he decided to join the microfinance institution Soro Yiriwaso more than a year ago. He has received two loans which were both properly repaid. This is his third loan which will allow him to increase his business. With the third loan, he plans to buy 22 cardboard tubs, 15 boxes of glue, 18 cans of paint, 80 meters of wire, 10 shovels, and 10 spades. He buys from wholesale traders in Bamako before reselling to his clients - generally composed of home builders (architects, contractors, masons, etc.). With this loan, he plans to make a monthly profit of 275,000 FCFA which will be used for family expenses, paying interest on his loan, and investing in the rest of his business.
View original language description ↓
Né en 1978 à Sikasso ville, Monsieur Siaka est marié et père de 2 enfants. Il réside avec sa femme et ses enfants dans une grande famille traditionnelle avec ses parents et ses frères à Lafiabougou, un des quartiers périphériques de la ville de Sikasso..
Monsieur Siaka n’ayant pas eu la chance d’avancer à l’école, s’est vite initié à l’achat et à la vente des articles de quincaillerie. Il dispose d’une Quincaillerie au grand marché de Sikasso. 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 depuis plus d’une année. Il a bénéficié deux crédits qui ont été tous correctement remboursés. Ainsi, il est à son troisième crédit lui permettant d’augmenter son fonds de commerce.
Avec ce troisième crédit, il compte acheter, 22 cartons baquettes, 15 boîtes de colle, 18 paquets de peinture, 80 mètres de fil, 10 pelles et 10 piques. Il s’approvisionne auprès des commerçants grossistes à Bamako avant de les revendre en détail à une clientèle composée généralement des constructeurs de maison (architectes, entrepreneurs, maçons, etc.).
Il envisage réaliser avec ce prêt un bénéfice mensuel de 275 000 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

  • $1,200
    Average annual income
  • 22
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 492.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Siaka to buy hardware.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012