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Adama
Adama was born in 1973 in Loulouni. The father of 4 children, he is married and lives in a traditional family setting in Loulouni. He has bought and sold household utensils (made from plastic or aluminium) for over 6 years. His experience in this area has earned him a good reputation and a good volume of orders, particularly for items such as cups, plates, kettles, buckets and bathtubs.

Adama started working together with the Soro Yiriwaso microfinance institution over 3 years ago, in order to have enough resources to satisfy his customer demand. This is his 5th loan cycle and all 4 previous loans have been properly repaid. This new loan will allow him to buy cups, kettles, plates and bathtubs. He gets his supplies in Sikasso. Once the items have been transported to Loulouni, they are put in his shop and then sold for cash or credit to a retail customer base made up of men and women.

With the help of this loan, Adama expects to make an average monthly profit of 100 000 francs. This profit will allow him to make the interest payments on his loan, and the rest will be reinvested in his business.
Monsieur ADAMA est né en 1973 à LOULOUNI .Père de quatre enfants et marié a une femme il vit dans une famille traditionnelle à LOULOUNI.
Il mène les activités d’achats et de ventes des ustensiles de ménage (en plastique et en aluminium) depuis plus de 6 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et reçoit des commandes, notamment des tasses, des assiettes, des bouilloires, seaux, baignoires etc. Ainsi pour avoir les ressources nécessaires afin de satisfaire ses clients, il rentre en collaboration avec l’Institution de microfinance Soro Yiriwaso ya plus de 3 ans, il est a son cinquième cycle maintenant, tous les quatre prêts précédents ont été correctement remboursés.
Ce nouveau prêt lui permettra d’acheter des tasses, bouilloires, assiettes, baignoires. Il s’approvisionne à SIKASSO. Acheminé à LOULOUNI, les articles sont mis dans son magasin où ils seront revendus, au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 100 000 FCFA. Ce bénéfice lui permettra de 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 524.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Adama to buy various items for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013