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Mahamadou
Mahamadou, a mechanic and spare parts salesman, is 33 years old, married and the father of 5 children. He lives with his family in his father's home, located in the prefecture of Koutiala (Sikasso region). He was unable to continue his primary education due to social reasons, and instead became interested in revenue-generating activities from an early age, learning from his brother. His business is very profitable and generates enough income for him. He gets many orders per month.

Mahamadou has turned to the microfinance institution Soro Yiriwaso in order to be able to meet his goals of satisfying customer demand and developing his business. This is his first individual loan and it will be used to buy spare parts for motorcycles. He gets his supplies at the Grand Market of Koutiala, and resells them at his place of work as a mechanic in the town of Koutiala, to a clientele of women and men, for cash or credit.

Mahamadou expects to make a profit of 100 000 francs per month, which he will use to make some interest payments, take care of his family's needs and reinvest in his business.
MAHAMADOU, ce mécanicien et vendeur de pièces détachées est âgé de 33 ans, marié à une épouse et père de 5 enfants il vit chez son père avec sa famille, dans la préfecture de Koutiala (Région de Sikasso).
Dû à des raisons sociales, il n’a pas pu continuer les études primaires alors il s’intéressa aux activités génératrices de revenus depuis son jeune âge, qu’il apprit auprès de son frère. Cette activités est très rentable et lui procure assez de revenus, il reçoit beaucoup de commande dans le mois.
Pour la bonne satisfaction de sa clientèle et l’élargissement de son activité, MAHAMADOU a fait recours à l’institution de microfinance Soro Yiriwaso pour l’atteinte de ses objectifs . Il est à son premier prêt individuel. Ce prêt servira à acquérir des pièces détachées de rechanges pour motos. Il s’approvisionne au grand marché de Koutiala et effectue ses ventes à son lieu de prestation de mécanicien dans la ville de Koutiala, à une clientèle composée de femmes et d’hommes au comptant et à crédit. MAHAMADOU compte réaliser un bénéfice de 100 000 FCFA par mois qu’il utilisera pour le remboursement des taux d’intérêts prendre en charge les besoins de sa famille 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
  • 42
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 503.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mahamadou to buy spare parts for motorcycles.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013