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Yaya is a 24-year-old single man who lives in a traditional family in the city of Sikasso (third administrative region of the Republic of Mali.
After many unsuccessful business venture, Yaya began making traditional soaps (black soaps), which he learned from his mother and has been doing for about six years. He conducts business at home where he has many customers who appreciate the quality of his products.
In order to meet the needs of his ever increasing customer base, he decided to join the microfinance institution Soro Yiriwaso about six months ago. He is on his first individual loan which he plans on using to buy 5 barrels of leftover cottonseed oil, 5 sacks of sodium hydroxide, and two carts of firewood. After making soaps out of cottonseed oil and sodium hydroxide, he sells them retail to a customer base mainly comprised of women from his area.
With this loan he hopes to make a monthly profit of 140,000 FCFA which will be used to increase the size of his business, pay his family's expenses, and pay the interest on the loan.
View original language description ↓
Monsieur Yaya est un célibataire de 24 ans, qui vit dans une famille traditionnelle dans la ville de Sikasso ( troisième région administrative de la république du Mali).
Monsieur Yaya après avoir mené beaucoup d’activités sans succès, s’est initié à la fabrique de savons traditionnels (savons noirs) il y a environ six ans qu’il a appris auprès de sa mère. Il mène son activité dans son domicile où il est beaucoup sollicité de sa clientèle pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décide de rejoindre l’institution de microfinance Soro Yiriwaso depuis plus de 6 mois. Il est à son premier prêt individuel qu’il compte utiliser pour acheter, 5 futs des déchets d’huile de coton, 5 sacs de soude caustique et 2 chargements de charrette en bois de chauffe. Après fabrication des savons à base de déchets d’huile de coton et de soude caustique, elle les revend en détail à une clientèle composée généralement de femmes de sa localité.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 140 000 FCFA qui sera utilisé essentiellement 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
  • 15
    View loans »
    Mali Loans Fundraising
  • $11,519,150
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD