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Sidi
Sidi was born in 1979 in Lofigue. He is married and the father of four children, and lives with his family in the town of Loulouni, a sub-prefecture in the 3rd administrative region of Mali (Sikasso).

Sidi has been trading fuel for around six years. He has a good reputation in this business, and receives many orders. However his resources do not allow him to meet demand. He has therefore decided to collaborate with Soro Yiriwaso.

This is his first loan, and he will use it to purchase two barrels of fuel. He will then resell them retail and for cash to a mixed clientele.

Sidi expects to make an average monthly profit of approximately 100 000 CFA francs, which he will use to pay off most of his expenditure, contribute to his family’s expenses, pay off interest on the loan and invest in his business.

He is hoping to become a wholesaler by opening a service station in Loulouni to better serve his customers.
View original language description ↓
Né en 1979 à LOFIGUE, SIDI est un homme marié et père de quatre enfants qui vit avec sa famille à Loulouni ville, une des sous préfecture de la 3eme Administrative (Sikasso) du MALI.
SIDI mène les activités d’achat et de vente d’essences, il y a environ six années. Il jouit d’une forte réputation dans cette activité et reçoit beaucoup de commande, mais ses ressources ne peuvent pas lui permettre de les satisfaire. C’est ainsi, qu’il décide de collaborer avec Soro Yiriwaso. Il est à son premier prêt.
Il compte achète avec son prêt deux futs d’essence. Cela pour les revendre en détail et au comptant à une clientèle mixte.
Il envisage réaliser un bénéfice mensuel de 100.000 FCFA environs qui sera utilisé pour assurer l’essentielle de ses dépenses, contribuer à celles de la famille, payer les intérêts de son prêt et investir le reste dans son activité.
Il compte devenir grossiste tout en ouvrant une station service à Loulouni pour mieux servir sa clientèle..

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $9,992,325
    Funds lent in using Kiva
  • 524.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Sidi to buy fuel.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012