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Daouda
Daouda was born around 1955 in Fabalabougou, former district of Niena. He lives in a polygamous family, with his two wives and eight children, in Niena, about 80 kilometers from the town of Sikasso.
After conducting several activities without much success, he quickly learned the business of storing and selling grains (millet, maize, rice etc.) about 30 years ago. Having acquired a very good experience in this field, he enjoys a good reputation and receives numerous orders from outside, but he lacks the resources to meet his customers' needs. This is why he has decided to join Soro Yiriwaso this year. In order to better satisfy an ever-increasing number of customers, Daouda has requested the present loan, which will allow him to buy 17 bags of millet and 10 bags of maize. He gets his supplies in the villages of Fabalabougou and Niena and then stores them in his shop. He sells wholesale, retail, and for cash, to customers who are either resellers or consumers. With this loan, he is expecting monthly profits to reach 50,000 CFA francs. He is planning to use his profits to take care of most of his personal and family expenses and to pay off his loan's interest, while he will invest the rest in his business.
View original language description ↓
Monsieur DAOUDA est né vers 1955 à Fabalabougou dans l’ex arrondissement de Niena. Polygame et père de huit enfants, il réside avec ses deux femmes et leurs enfants à Niena, situé à environs 80 km de la ville de Sikasso.
Monsieur DAOUDA, après avoir mené plusieurs activités sans succès s’est vite initié aux activités de stockage et commercialisation de céréales (mil, maïs, riz, etc.), il y a environ 30 ans. Nanti d’une telle expérience dans ce domaine, il jouit d’une forte réputation et accueille beaucoup de commandes de l’extérieur, mais les ressources nécessaires pour satisfaire ces besoins fait défaut. Ainsi, il décide d’intégrer Soro Yiriwaso cette année. Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, Daouda sollicite ce prêt, qui lui permettra d’acheter, 17 sacs de mil et 10 maïs.
Il s’approvisionne dans les village de: Fabalabougou et de Niena. Les céréales ainsi achetées sont stockées dans son magasin. Ses ventes se font en gros, en détail et au comptant à une clientèle composée de revendeurs et de consommateurs.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 50 000 FCFA par mois. Avec ces bénéfices réalisés, il compte résoudre l’essentielle de ses dépenses, celles de sa famille, 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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Daouda to buy grains.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 6, 2012
Listed
Feb 15, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013