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Moumine
Born around 1974 in Nièssoumana, Moumine lives with his wife and 3 children in a large, traditional family setting in the rural community of Fakola. Not having had the opportunity to go to school, Moumine quickly became engaged in revenue-generating activities, most notably the buying and selling of animals (oxen, goats, sheep, etc.). He is held in high regard and much sought-out in Fakola and the surrounding region.

Moumine is on his first loan with Soro Yiriwaso, which will be used to buy 10 oxen in the village of Finiko and the surrounding area. He makes his sales, for cash or credit, in the Republic of the Ivory Coast and the markets of Fakola and Farako, to a customer base principally composed of butchers, resellers and breeders. Moumine hopes to make a monthly profit of 125 000 francs, which he will use to take care of his family's needs, repay the loan and reinvest in his business.
Né vers 1974 à Nièssoumana, Moumine vit avec ses 3 enfants et sa femme dans une grande famille traditionnelle élargie dans la commune rurale de Fakola.
N’ayant pas eu la chance d’aller à l’école, Monsieur Moumine s’est vite intéressé aux activités génératrices de revenus notamment à l’achat vente des animaux (bœufs, chèvres, moutons etc.) Il est très apprécié et sollicité à Fakola et environs.
Moumine est à son premier prêt avec Soro Yiriwaso qui sera utilisé pour acheter, 10 bœufs dans le village de Finiko et environnants. Il effectue ses ventes au comptant et en détail, en république de Côte d’Ivoire et dans les foires de Fakola et Farako à une clientèle composée essentiellement de bouchers, de revendeurs et d’éleveurs.
Moumine espère réaliser un bénéfice mensuel de 125.000FCFA 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    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 Moumine to buy oxen.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 11, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012