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Oumar
Oumar is 28 years old, single and the father of one child. He lives with his parents in the town of Kotiala (Sikasso region). He was unable to go on with his studies due to social reasons, so instead took up revenue-generating activities, working alongside his father from an early age. He has been working for himself for the past 4 years. He is very much in demand by his customers, as mobile phones have now become a major necessity.

In order to be able to satisfy his customers, Oumar turned to the microfinance institution Soro Yiriwaso nearly 3 years ago and is now on his 4th individual loan. The 3 previous loans were all repaid in advance. He plans to use this loan to buy 15 mobile phones and some spare parts in Bamako. He sells his merchandise from his kiosk in Koutiala, to all sorts of customers. With this loan, he expects to earn a monthly profit of 90 000 francs which he will use to support himself and to reinvest in his business.
Agé de 28 ans, célibataire et père d’un enfant, Monsieur Oumar vit avec ses parents dans la ville de Koutiala (Région de Sikasso).
Dû à des raisons sociales, il n’a pas pu continuer les études alors il a embrassé les activités génératrices de revenus auprès de son père depuis son jeune âge et l’exerce pour lui-même il y’a maintenant 4 ans. Il est très sollicité par ses clients, car le portable est une nécessité majeure de nos jours.
Pour la bonne satisfaction de sa clientèle, Monsieur Oumar a fait recours à l’institution de microfinance Soro Yiriwaso il n’ y a 3 ans, il est à son quatrième prêt individuel et les trois précédents furent tous remboursés par anticipation. Avec ce financement il compte acheter 15 téléphones portables et des pièces de rechange à Bamako, il effectue sa vente dans son kiosque à Koutiala, à une clientèle mixte en espèce. Avec ce financement, il compte sur un bénéfice mensuel de 90 000 FCFA qu’il utilisera pour subvenir à ses besoins 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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,738,725
    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 Oumar to buy mobile phones and spare parts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013