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N’To
N’To is 44 years old and lives with his five children and his spouse in a traditional family in Dienfing, one of the villages of the sub-prefecture of Ouelessebougou, Koulikoro region.

N'To did not have the chance to go to school. Very early he became interested in income-generating businesses, notably buying, storage and selling of cereals. He learned this business from his maternal uncle, who was formerly a great businessman of cereals.

Due to the worry of satisfying his clearly growing clientèle, he decided to collaborate with Soro Yiriwaso.

After having correctly repaid his five previous loans, he is on his sixth individual loan which will serve to buy 5 tons of cereals (corn, bean, mil [African cereal], fonio [African cereal]) from the farmers of Dienfing and surrounding areas which he will keep for at least three months. He sells essentially wholesale to a clientèle consisting of resellers from the large cities such as Bamako.

N'To hopes to make an average monthly profit of 75,000 FCFA which will be used to repay the loan and reinvest the rest in his business.
View original language description ↓
Monsieur N’TO est âgé de 44 ans et vit avec ses cinq enfants et son épouse dans une famille traditionnelle à DIENFING, un des villages de la sous - préfecture de Ouelessebougou, Région de Koulikoro.
N’TO 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.
Après avoir correctement rembourser les cinq prêts précédents, il est à son sixième prêt individuel qui servira à acheter, 5 tonnes de céréales (maïs, haricot, mil, fonio) auprès des paysans producteurs de DIENFING et environnants qu’il gardera pendant au moins 3 mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako.
N’TO espère réaliser un bénéfice moyen mensuel de 75 000 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
  • 11
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 505.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped N’To to buy cereals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012