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Mamadou
Born in November 1990 in Sikasso, Mr. Mamadou is unmarried and living in a large traditional family in Zimbougou, Prefecture of Sikasso. Mamadou got started in this jewelry business about four years ago. His business operates in a workshop in Sikasso City and has a customer base composed of all level of society. He is much in demand by his customers for the quality of his services.

Concerned about further satisfying his burgeoning customer base, he decided to join the microfinance institution Soro Yiriwaso, with which he has benefited from an initial individual loan that was properly repaid.

He is therefore requesting this second loan to buy some raw materials: 700 g of gold and 15 pieces of silver and of zinc for making into jewelry and bracelets to be sold at his shop.

With this loan, he envisions making a monthly profit of 150,000 francs CFA that will be used to help with family expenses and pay the loan interest. The rest will be invested in his business.
View original language description ↓
Né en Novembre 1990 à Sikasso, Monsieur Mamadou est un célibataire qui réside dans une grande famille traditionnelle à Zimbougou, préfecture de Sikasso.
Mamadou s’est initié à cette activité de bijouterie il y’a environ quatre ans. Son activité est menée dans un atelier à Sikasso ville avec une clientèle composée de toutes les couches sociales. Il est beaucoup sollicité de sa clientèle pour la qualité de ses prestations. Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, Il décida d’intégrer l’institution de microfinance Soro Yiriwaso avec qui il a bénéficié d’un premier prêt individuel qui fut correctement rembourse..
Il sollicite ainsi ce deuxième crédit pour acheter des matières premières 700 gramme d’or, 15 pièces en argent et du zinc pour les transformer en bijoux et bracelets enfin de les revendre dans son atelier.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 150 000 FCFA qui sera utilisé 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
  • 29
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 541.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Mamadou to buy raw materials for jewelry.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013