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Kalidou
Mr. Kalidou was born in June 1983 in Sikasso. He is single and lives in large traditional family in Médine, a working-class neighborhood in Sikasso (Third Administrative Region of the Republic of Mali).

Two years ago, he became familiar with the business of buying and selling mobile phones and accessories (covers, batteries, charger, earphones, etc).

He runs his business in his shop located along a busy road. His clientele comprises people from all social classes.

About three months ago, eager to better satisfy his ever-increasing clientele, he decided to join Kiva's partner, the MFI Soro Yiriwaso.

He is now seeking his first loan to buy, in Bamako, ten DVD players, five TV sets, forty mobile phones (various brands), three boxes of covers, about fifteen chargers, twenty packs of memory cards, fifteen boxes of batteries, and ten dozen earphones (various kinds).

Thanks to this loan, he intends to turn an average monthly profit of XOF 250'000 (ca US$ 485), to be used to increase his working capital, help with the family expenses, and pay the loan interests.
View original language description ↓
Né en Juin 1983 à Sikasso, Monsieur Kalidou est un célibataire résidant dans une grande famille traditionnelle à Médine, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Kalidou s’est initié il y’a deux ans à cette activité d’achat et de vente de téléphones portables et leurs accessoires (façade, batterie, chargeur, écouteur, etc.). Son activité est menée dans sa boutique située sur une route très connue, avec une clientèle composée de toutes les couches sociales.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, Il décide d’intégrer l’institution de microfinance Soro Yiriwaso il y a maintenant trois mois.
Ainsi, il sollicite son premier crédit qui lui permettra d’acheter à Bamako, 10 DVD, 5 téléviseurs, 40 téléphones portables de marques différentes, 3 cartons de façade, une quinzaine de chargeurs, 20 paquets de carte mémoire, 15 cartons de batterie et 10 douzaines d’écouteur de différentes sortes.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 250 000 FCFA qui sera utilisé pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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

  • $1,100
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 503.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Kalidou to buy DVD players, TV sets, mobile phones, covers, chargers, memory cards, batteries, and earphones.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012