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Boubacr
Born around 1972, Mr. Boubacar lives with his child and wife in a monogamous family in Fakola. Not having had the chance to go to school due to religious reasons, Mr. Boubacar soon became interested in revenue-generating businesses, especially the buying and selling of nuts that are gathered, such as cashews, etc. He is much appreciated and in demand in the Fakola area.

Privileged with eight years of experience in this domain, Boubacar, in his search for extra financial resources, decided to collaborate with the microfinance institution Soro Yiriwaso and is now on his first loan. He intends to use his loan to buy 3 tonnes of cashews from planters and women from the villages. He makes his sales retail in cash or on credit, and sometimes wholesale, in the Republic of Cote d'Ivoire and at the Fakola fair. The customer base is composed essentially of retailers from big cities.

Boubacar hopes to make a monthly profit of 150,000 francs CFA that will be used to meet family needs, repay the loan, and reinvest in his business.
View original language description ↓
Né vers 1972, Boubacar vit avec son enfant et sa femme dans une famille monogame, à Fakola.
N’ayant pas eu la chance d’aller à l’école pour des raisons religieuses, Monsieur Boubacar s’est vite intéressé aux activités génératrices de revenus notamment à l’achat vente des noix des produits de cueillette tels l’anacardium etc. Il est très apprécié et sollicité à Fakola et environs.
Nanti de 8 années d’expériences dans le domaine, Boubacar dans ses recherches de ressources financières complémentaires, décide de collaborer avec Soro Yiriwaso avec qui il est à son premier prêt.
Boubacar compte utiliser son prêt pour acheter, 3 tonnes de noix d’anacardium auprès des planteurs et femmes des villages. Il effectue ses ventes, au comptant en détail et quelques fois en gros, en république de Côte d’Ivoire et dans la foire de Fakola à une clientèle composée essentiellement de revendeurs venant des grandes villes.
Boubacar espère réaliser un bénéfice mensuel de 150.000FCFA qui sera utilisé pour subvenir aux besoins de la famille, rembourser le prêt et réinvestir 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
  • 21
    View loans »
    Mali Loans Fundraising
  • $10,738,725
    Funds lent in using Kiva
  • 501.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Boubacr to buy cashew nuts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013