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Daouda
Mr. Daouda is a 30-year-old married man and the father of three children. He lives with his wife and children in Bougouni, in the Torakabougou district. He is a teacher by profession and in addition has a business buying and selling cloth. He learned how from one of his friends in business. Bestowed with a dozen years of experience in this domain, he has a real mastery of his business, in which he is much in demand and appreciated in Bougouni.

With regard to bolstering his business, Mr. Daouda decided to join the Soro Yiriwaso loan program. He is now on his fifth loan. The four previous loans were all paid back without any problems.

He intends to purchase 20 lengths of cloth from merchants who travel to Burkina Faso. His customer base is composed of men and women. He sells retail, accepting cash or credit, payable monthly.

With this loan, he plans on making a monthly profit of 75,000 francs CFA that will be used to repay the loan and to cover family expenses.
View original language description ↓
Monsieur Daouda est un homme marié de 30 ans et père de 3 enfants qui vit avec sa femme et ses enfants à Bougouni, dans le quartier Torakabougou.
Monsieur Daouda est un enseignant de profession, qui mène en plus de cette profession les activités d’achat et de vente de tissus apprises auprès d’un de ses ami commerçant.
Nanti d’une dizaine année d’expérience dans le domaine, il maîtrise bien son activité dans laquelle il est très apprécié et sollicité à Bougouni.
Dans le cadre du renforcement de son activité commerciale, il décida d’intégrer le programme de crédit de Soro Yiriwaso, avec qui il est à son cinquième prêt.et tous les quatre prêts précédents ont été remboursés sans difficulté.
Il compte acheter, 20 pièces de tissus auprès des commerçants faisant le voyage du Burkina Faso. Sa clientèle est composée d’hommes et femmes. Il revend en détail au comptant et à crédit payable mensuellement.
Avec ce prêt, il compte réaliser un bénéfice mensuel de 75.000 FCFA, qui servira à rembourser le prêt et subvenir aux dépenses de la famille

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

  • $1,100
    Average annual income
  • 24
    View loans »
    Mali Loans Fundraising
  • $11,381,625
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD