Check out some available loans that are similar to this one!
Seydou
Born around April 1985 in Sikasso, Mr. Seydou is married and the father of three. He lives with his wife and children in a traditional extended family in Banconi, a working-class distrit of the town of Sikasso.

For over 15 years, Mr. Seydou has been repairing motorbike engines. In order to make it easier for his clients to obtain brand-name used spare parts, he also sells spare parts in addition to his work. He is very much in demand thanks to the quality of his goods. In order to meet growing customer demand, he decided to join the Soro Yiriwaso microfinance institution, and is now on his first individual loan. He plans to use thi loan in order to buy 10 connecting roads, five camshafts, 10 pistons, three wheel rims and five crankcases. The spare parts will be bought locally in Sikasso.

With this loan, he plans to achieve a monthly income of 195,000 West African Francs, which will be used essentially to contribute to the family budget and pay off the interest on his loan, with the rest reinvested in his business.
View original language description ↓
Né vers Avril 1985 à Sikasso, Monsieur Seydou est marié et père de trois enfants, il réside avec sa femme et leurs enfants dans une grande famille traditionnelle élargie à Banconi l’un des quartiers populaire de la ville de Sikasso
Monsieur Seydou est un réparateur d’engin à deux roues de profession depuis plus de quinze années. Pour faciliter à ses clients d’acquérir des pièces d’occasion d’origine, il mène en parallèle avec son métier l’achat-vente des pièces d’occasion. Il est beaucoup sollicité de sa clientèle par la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso avec laquelle il est à son un premier prêt individuel.
Il compte acheter avec ce prêt, des pièces d’occasion d’origine : dix bielles, 5 arbre à came, 10 pistons, 3 jantes et 5 carters. Les marchandises (pièces) sont achetées sur places à Sikasso
Il envisage réaliser avec ce prêt un bénéfice mensuel de 195 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, 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
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 493.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Seydou to buy used spare parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 3, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012