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Famory
Famory is 29 years old, married, and has two children. He lives in a traditional extended family in Wayerma, one of the working-class districts of the city of Sikasso.

Famory started buying and selling various food products (mineral water, beverages, cookies, deodorant, Malitel/Orange calling cards, etc.) about five years ago, after having pursued several other activities unsuccessfully, particularly selling fuel. Three years ago, he decided to join the micro-finance institution, Soro Yiriwaso, to satisfy his ever-growing customer base. He is on his seventh individual loan. The previous loans were repaid correctly.

This new loan will allow him to buy 55 boxes of mineral water, 35 packages of NBB beverages, 15 boxes of cookies, 10 boxes of deodorant, and 800 Malitel/Orange calling cards. He buys his goods through local wholesalers and through representatives of the two telecommunication networks, then resells them in bulk or in smaller quantities to a wide range of customers.

With this loan, he plans to earn an average monthly profit of 120,000 FCFA, which will be used to contribute to family expenses and pay the interest on his loan. The rest will be reinvested into his business.
View original language description ↓
Âgé de 29 ans, Monsieur Famory est marié avec 2 enfants et réside dans une grande famille traditionnelle élargie à Wayerma I, un des quartiers populaires de la ville de Sikasso.
Monsieur Famory après avoir mené plusieurs activités sans succès notamment la vente de carburant, il s’est initié au commerce d’achat vente des articles divers d’alimentation (Eau minérale, boisson, biscuits, déodorant, et cartes de recharge de téléphone Malitel/Orange, etc.) il y a environ cinq ans.
Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso depuis plus de trois années et est à son septième prêt individuel. Les prêts précédents ont été correctement remboursés.
Ce nouveau prêt lui permettra d’acheter, 55 cartons d’eau minérale, 35 paquets de boisson NBB, 15 cartons de biscuits, 10 cartons de déodorant et 800 cartes de recharge téléphoniques Malitel/Orange. Ses marchandises sont achetées auprès de commerçants grossistes sur place et dans les représentants des deux réseaux de télécommunication avant de les revendre en gros et en détail à une clientèle composée de toutes couches sociales de la ville.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 120 000 FCFA qui sera utilisé 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
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 494.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Famory to buy various food products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 9, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012