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Seydou
Mr. Seydou is 36, married and the father of four children. He lives with his wife and children in Bougouni.
Because of his parents’ poverty, he decided to leave school during the fourth year of primary school (in the Malian education system) in order to start earning money. For years he engaged in different types of work but without success. Then he became interested in buying and selling bicycles, and he eventually specialized in it. He learned this type of work from one of his friends. After five years of experience he has mastered this trade and he is highly valued and in demand.
In order to meet the demand of his growing clientele, he decided to get involved with Soro Yiriwaso. After having properly repaid his five previous loans, he is on his sixth individual loan with which he plans to buy 25 bicycles of different types (small, medium, and large).
He gets his supplies in Bamako from wholesalers and makes his sales at the main market in Bougouni to a diverse and varied clientele.
He hopes to make, with this loan, a monthly profit of 70,000 FCFA which will be used to repay the loan and to reinvest in his business.
View original language description ↓
Monsieur Seydou est un homme marié de 36 ans et père de 4 enfants. Il vit avec sa femme et ses enfants à Bougouni.
En raison à la pauvreté de ses parents, il décide d’abandonner l’école en classe de 4ème année fondamentale (système éducatif Malien) au profit des activités génératrices de revenus. C’est ainsi que pendant des années il mena plusieurs activités mais sans succès. Alors il commença à s’intéresser aux activités d’achat et la vente de bicyclettes, dans laquelle il finit par se spécialiser. Il a appris cette activité auprès d’un de ses ami. Avec une expérience de plus de 5 ans, il maitrise cette activité et il est très apprécié et sollicité.
Dans le souci de satisfaire cette clientèle de plus en plus nombreuse et exigeante, il décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé les cinq prêts précédents, il est à son 6ème prêt individuel, qu’il compte utiliser pour acheter, 25 bicyclettes de différentes sortes (c’est à dire petite, moyenne et grande).
Il s’approvisionne à Bamako auprès des grossiste et effectue ses ventes au grand marché de Bougouni, à une clientèle diverse et variée.
Il espère réaliser avec ce prêt un bénéfice mensuel de 70 000 FCFA qui sera utilisé pour rembourser le prêt et être réinvesti dans les affaires.

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
  • $10,400,425
    Funds lent in using Kiva
  • 494.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Seydou to buy bicycles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012