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Ali is a married father of two, and is 38 years of age. He lives with his wife and children in his father’s house, located in the Dialanicoro neighborhood of Bougouni.
He did not go to modern schools, and at a young age began working to earn money.
For years Ali sold livestock and lengths of African cloth, but did not have much success. As a result, he decided to get a friend to teach him how to buy and sell cereals. With over five years’ experience, he is now skilled in this activity and is much sought-after.
As he wanted to expand his business, Ali decided to collaborate with Soro Yiriwaso to buy one ton of corn, one ton of pearl millet and two tons of rice. He gets his supplies from Bougouni and the surrounding villages, as well as in the Wassoulou region, before selling it to mixed clientele in Bougouni market and also in Yanfolila.
This is Ali’s third loan with Soro Yiriwaso, and his previous two loans have been correctly repaid.
With this new loan he hopes to make a monthly profit of 70,000 francs CFA, which will mainly be used to expand his business.
View original language description ↓
Monsieur Ali est un homme marié de 38 et père de 2 enfants. Il réside avec sa femme et ses enfants chez son père dans le quartier Dialanicoro de Bougouni.
N’ayant pas fréquenté l’école moderne, très vite il commença des activités génératrices de revenus.
Ali fit des années un commerçant de bétails et de pièces détachées, mais sans réussite. Alors il décide d’apprendre auprès de son ami les activités d’achat et de vente de céréales. Avec une expérience de plus de 5 années, il maitrise son activité et est très sollicité.
Dans le souci d’agrandir son entreprise, il décida de collaborer avec Soro Yiriwaso pour acheter, 1 tonne de maïs, 1 tonne de petit mil et 2 tonnes de riz. Il s’approvisionne à Bougouni et dans les villages environnants mais aussi dans le Wassoulou pour ensuite les revendre dans le marché de Bougouni et une partie à Yanfolila, à une clientèle mixte.
Il est à son troisième prêt avec Soro Yiriwaso. Tous les deux prêts précédent ont été correctement remboursés
Avec ce nouveau prêt il envisage de réaliser un bénéfice mensuel de 70 000 FCFA, qui sera essentiellement utilisé pour agrandir son entreprise.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,172,500
    Funds lent in using Kiva
  • 495.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Ali to buy cereals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 19, 2012
May 1, 2012
Currency Exchange Loss:
May 17, 2013