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Seydou
A native of Koutiala, Mr. Seydou is 32 years old, married, and the father of three children. He is polygamous and lives in his father's house with his wives and children in the Darsalam II district of Koutiala City. He did not attend school due to societal reasons. And so he quickly embraced revenue-generating work at a young age at his father's side.

Mr. Seydou has now been working on his own for eleven years. His business is profitable. He does well for himself because he always has special orders from individuals (growers) and from professional organizations.

To satisfy his customers properly, Mr. Seydou turned toward the microfinance institution Soro Yiriwaso two years ago. He is now on his fourth loan. The three previous ones were correctly paid back.

With this new loan, he intends to increase his inventory by purchasing 2,000 tree seedlings from Burkina Faso. He makes his sales retail in Koutiala City and at the house, and he accepts cash or credit from a customer base composed of men and women.

With this financing, he is planning on a monthly profit of 200,000 francs CFA that will enable him to meet his needs and repay the loan. The rest will be invested in his business. His ambition is to expand his business by purchasing many more types of seedlings in order to attract more customers.
View original language description ↓
Natif de Koutiala, Monsieur Seydou est âgé de 32 ans, mariée et père de 3 enfants. Il est polygame et vit chez son père avec ses femmes et ses enfants au quartier Darsalam II de la ville de Koutiala.
Il n’a pas fréquenté l’école dû à des raisons sociales, raison pour laquelle il a vite embrassé les activités génératrices de revenus auprès de son père depuis son jeune âge et l’exerce pour lui-même depuis maintenant 11 ans.
Son activité lui est rentable et il s’en sort bien, car il reçoit toujours de commandes de particuliers (planteurs) et de structures professionnelles.
Pour la bonne satisfaction de sa clientèle, Seydou a fait recours à l’institution de microfinance Soro Yiriwaso il y’a 2 ans, il est à son 4 eme prêt et les trois précédents ont été remboursés correctement.
Avec ce nouveau prêt, il compte augmenter son stock en provenance du Burkina Faso, en achetant 2.000 plants d’arbres. Seydou effectue ses ventes dans la ville de Koutiala et à la maison, à une clientèle constituée de femmes et d’hommes, au comptant et en détail.
Avec ce financement, il compte sur un bénéfice mensuel de 200.000 FCFA, qui lui permettra de subvenir à ses besoins, à rembourser son prêt et investir le reste dans son activité.
Il ambitionne agrandir son activité en achetant beaucoup plus d’espèces afin d’attirer plus la 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
  • 11
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Seydou to purchase tree seedlings.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012