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Fouisseyni
Fouisseyni was born in 1979 in Sanzana in Sikasso prefecture. He is married and father to one boy, and he lives in a traditional family in Loulouni (the Republic of Mali's third administrative region).

He has been running a business buying and selling kitchenware and various other articles, all plastic, for more than six years. His experience in this field has earned him a good reputation and he receives orders notably for cups, plates, kettles, buckets and bathtubs etc. In order to have the necessary resources to satisfy customer demand he began his collaboration with the microfinance institution, Soro Yiriwaso, more than three years ago. He is now on his sixth loan and all five previous loans were repaid in full.

This loan will enable him to buy plastic cups, kettles, plates, bathtubs and ladles. He gets his supplies in Sikasso. Once they have been transported to Loulouni, the goods are stored in his shop. He resells them for cash and on credit to a customer base made up of men and women in Loulouni and the surrounding villages.

With this loan he is expecting to make an average monthly profit of 70,000FCFA. This profit will allow him to repay the interest on his loan and the rest will be invested in his business.
View original language description ↓
Monsieur FOUISSEYNI est né en 1979 à Sanzana préfecture de SIKASSO. Père d’un garçon et marié à une femme, il vit dans une famille traditionnelle à LOULOUNI (troisième région administrtive de la république du Mali).
Il mène les activités d’achats et de ventes des ustensiles de ménage et divers articles tous en plastique depuis plus de 6 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et il reçoit des commandes, notamment des tasses, assiettes, bouilloires, seaux, baignoires etc.
Ainsi pour avoir les ressources nécessaires afin de satisfaire ses clients, il est rentré en collaboration avec l’Institution de microfinance Soro Yiriwaso y’a plus de 3 ans.Il est a son sixième prêt maintenant et tous les cinq prêts précédents ont été correctement remboursés.
Ce prêt lui permettra d’acheter des tasses, bouilloires, assiettes, baignoires et louches en plastique. Il s’approvisionne à SIKASSO. Acheminé à LOULOUNI, Les articles sont stockés dans son magasin. Il les revend au comptant et à crédit à une clientèle composée d’hommes et de femmes à Loulouni et ses villages environnants.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 70 000 FCFA. Ce bénéfice lui permettra de 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
  • 31
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 501.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Fouisseyni to buy plastic goods.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012