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Boubacar
Mr. Boubacar was born around 1975 in Loulouni, near Kadiolo. A father of one child, he lives in a traditional household in the city of Loulouni (third administrative region of the Republic of Mali).
He has run a business as a butcher for 20 years. His experience in this field has earned him such a good reputation that he receives and fulfills orders every day. In order to have the necessary resources to satisfy his customers, he has just requested his fourth loan with the microfinance institution Soro Yiriwaso, all his previous loans having been repaid properly.
This loan will allow him to buy two steers and six small ruminants. He gets his supplies at the markets in certain towns around the city of Loulouni and in Burkina Faso. He slaughters them and sells the meat in cash in the city of Loulouni to a clientele composed of men and women.
With this loan, he foresees earning an average monthly profit of 72,000 FCFA. This profit will allow him to resolve most of his expenses, repay the interest on his loan, and invest the remainder in his business.
He hopes to have a dedicated livestock yard to avoid shortages during lean times.
Monsieur BOUBACAR est né vers 1975 à LOULOUNI cercle de KADIOLO. Père d’un enfant, il vit dans une famille traditionnelle à LOULOUNI ville (troisième région administrtive de la république du Mali).
Il mène les activités de boucherie depuis 20 ans. Son expérience dans ce domaine, lui a valu une bonne réputation si bien qu’il reçoit des commandes et vend chaque jour. Ainsi pour avoir les ressources nécessaires afin de satisfaire ses clients, il vient de solliciter son quatrième prêt auprès de l’Institution de microfinance Soro Yiriwaso, les précédents ont été correctement remboursés.
Ce prêt lui permettra d’acheter, 2 boeufs et 6 petits ruminants. Il s’approvisionne dans les marchés de certains villages voisins de la ville LOULOUNI et au Burkina Faso. Il les abats et revend au comptant dans la ville de LOULOUNI à une clientèle composée d’hommes et de femmes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 72 000 FCFA. Ce bénéfice lui permettra de résoudre l’essentielle de ses dépenses, payer les intérêts de son prêt et investir le reste dans son activité.
Il compte avoir un parc de bétail uniquement préservé à l’abatage pour éviter la pénurie pendant les périodes de disette.

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
  • 25
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 518.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Boubacar to buy livestock.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2012
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012