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Fassoun
Fassoun is 46 years old and lives with his six children and wives in a traditional family in Faraba, one of the villages of the sub-prefecture Ouelessebougou in the Region of Koulikoro.

Fassoun did not have the opportunity to attend school. Early on, he became interested in working, most notably in the purchase and sale of cereals and other various items. He learned about this trade from his maternal uncle, who was an important merchant of grains and misc. articles. Faced with the challenge of satisfying his growing clientele, he decided to work with Soro Yiriwaso.

He is on his third individual loan, which will be used to buy 2 tons of rice, 5 bags of sugar, and 2 cartons of tea from the wholesalers of Bamako, which he then sells retail in Faraba both in credit and cash to a mixed clientele.

Fassoun hopes to earn a monthly income of 100,000 FCFA, which he will use to pay back the loan, while reinvesting the rest in his business.
View original language description ↓
Monsieur FASSOUN est âgé de 46 ans et vit avec ses 6 enfants et ses épouses dans une famille traditionnelle à FARABA, un des villages de la sous préfecture Ouelessebougou, Région de Koulikoro.
FASSOUN n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat vente de céréales et autre article divers. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand commerçant de céréales et d’article divers.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Il est à son troisième prêt individuel qui servira à acheter, 2 tonnes de riz, 5 sacs de sucre et 2 cartons de thé, auprès des grossistes de BAMAKO qu’il revend en détail à FARABA, à crédit et au comptant a une clientèle mixte.
FASSOUN espère réaliser un bénéfice moyen mensuel de 100.000. FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

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
  • 84
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 512.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Fassoun to purchase 2 tons of rice, 5 bags of sugar, and 2 cartons of tea.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 27, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012