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Mary
Mr. Mary, aged 36, is a married man and the father of two children. He resides with his wife and children at his father's house, in the Heremakono Nord district of Bougouni City. He dropped out of 6th grade (Malian education system) for revenue-generating work. He had attempted several businesses, especially selling shoes and cloth but unsuccessfully. He then decided to join his uncle to learn how to sell grains. With over three years of experience, he has a mastery of his business, which he runs at the big market of Bougouni and at other weekly markets.

To expand his enterprise, he decided to join the Soro Yiriwaso loan program. After two loan, both correctly repaid, he is now on his third loan, which he intends to use to purchase 2 tonnes of corn, 2 tonnes of pearl millet, and 3 tonnes of rice from wholesale merchants and from peasant producers from surrounding villages. His sales are made at different villages on weekly market days.

With this loan, he envisions making a monthly profit of 100,000 francs CFA that will be used to repay the loan, to cover family expenses, and to reinvest in his business.
View original language description ↓
Agé de 36 ans Monsieur Mary est un homme marié qui est père de 2 enfants, résidant avec sa femme et ses enfants chez son père, dans le quartier Heremakono Nord de la ville de Bougouni.
Il abandonna l’école en classe de 6 eme années fondamentales (système éducatif Malien) au profit des activités génératrices de revenus.
Il avait tanté plusieurs activités notamment la vente de chaussures et tissus, sans réussite. Il décida alors d’accompagner son oncle pour apprendre la vente de céréales.
Avec une expérience de plus de 3 années, il maîtrise son activité qu’il mène au grand marché de Bougouni et dans le autres marchés hebdomadaires.
Pour agrandir son entreprise, il décida d’adhérer au programme crédit de Soro Yiriwaso. Après deux prêts tous correctement remboursés il est à son troisième, qu’il compte utiliser pour acheter, 2 tonnes de maïs, 2 tonnes de petit mil et 3 tonnes de riz. Il s’approvisionne à Bougouni auprès des grossistes et dans les villages environnants auprès des paysans producteurs.
La vente se fait au grand marché de Bougouni et une partie est vendue dans les différents villages les jours de marché hebdomadaires.
Avec ce prêt il envisage de réaliser un bénéfice mensuel de 100 000 FCFA qu’il utilisera pour rembourser le prêt, subvenir aux dépenses de la famille et réinvestir dans les activités.

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
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,410,125
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD