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Moussa
Born in 1978, about 6 kms from the town of Sikasso, Moussa is married and the father of two children. He lives with his wife and their children in a large traditional extended family in Sikasso.
Moussa is a mechanic by profession, and has been for over eight years. In order to facilitate his customers buying car parts, in parallel with this business he operates as a buyer and seller of spare parts. His customers seek him out for the quality of his products.
To meet the needs of his ever growing customer base, he decided to join the microfinance institution Soro Yiriwaso over two years ago, where he is on his sixth individual loan. The previous loans have all been properly repaid. With this sixth loan, he intends to buy a large quantity of spare parts - for example rods, camshafts, pistons and wheel rims. The goods (parts) are bought onsite by virtue of dismantling older cars, in order to sell them for spare parts in the shop inside his garage.
With this loan he intends to generate a monthly profit of 175,000 FCFA which will be mostly used to contribute to the family's living expenses and to pay the loan interest; the remainder will be invested in the business.
View original language description ↓
Né en 1978 à environ 6km de la ville de Sikasso, Monsieur Moussa est marié et père de deux enfants, il réside avec sa femme et leurs enfants dans une grande famille traditionnelle élargie à Sikasso..
Monsieur Moussa est un mécanicien de profession depuis plus de huit ans. Pour faciliter à ses clients de s’acquérir des pièces auto, il mène en parallèle avec son métier l’achat-vente des pièces détachées. Il est beaucoup sollicité de sa clientèle pour la qualité de ses produits. Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso il y a plus de deux années avec laquelle il est à son sixième prêt individuel. Ses prêts précédent ont été remboursés correctement.
Il compte acheter avec ce sixième prêt beaucoup des pièces détachées à savoir des bielles, arbres à came, pistons et jantes. Les marchandise (pièces) sont achetées sur places à travers le démontage des véhicules d’occasion pour être vendues par pièces dans son magasin au sein de son garage.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 175 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, payer les intérêts de son prêt 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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 523.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Moussa to buy second hand spare parts.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 25, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013