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Yaya
Born around 1975 in Kolondièba, Mr. Yaya lives with his three children and his wife in a traditional family in Kolondièba. Not having had the chance to attend school due to societal reasons, Mr. Yaya quickly became interested in revenue-generating businesses, especially in the buying and selling of grains: millet, rice, corn, 'fonio', peanuts, black-eyed peas, etc. He is much in demand and appreciated in and around Fakola.

Bestowed with three years of experience in this domain, Mr. Yaya decided to collaborate with the microfinance institution Soro Yiriwaso in his search for financial resources. He is now on his second loan after having repaid the previous one correctly.

He intends to use his loan to purchase 2 tonnes of corn and a tonne of 'fonio' from peasant producers from the villages. He makes his sales at the retail level accepting cash or credit in Sikasso.

Mr. Yaya hopes to make a monthly profit of 90,000 francs CFA that will be used to meet family needs, repay the loan, and reinvest in his business.
View original language description ↓
Né vers 1975 à Kolondièba, Yaya vit avec ses 3 enfants et sa femme dans une famille traditionnelle à Kolondièba.
N’ayant pas eu la chance d’aller à l’école pour des raisons sociales, Monsieur Yaya s’est vite intéressé aux activités génératrices de revenus notamment à l’achat vente des céréales mil, riz, maïs, fonio, arachide, niébé, etc. Il est très apprécié et sollicité à Fakola et environs.
Nanti de 3 années d’expériences dans le domaine, Yaya dans ses recherches de ressources financières complémentaires, décida de collaborer avec Soro Yiriwaso avec qui il est à son deuxième prêt, après avoir correctement remboursé le précédent.
Yaya compte utiliser son prêt pour acheter, 2 tonnes de maïs et 1 tonne de fonio auprès des paysans producteurs des villages. Il effectue ses ventes au comptant en détail à Sikasso.
Yaya espère réaliser un bénéfice mensuel de 90.000FCFA qui sera utilisé pour subvenir aux besoins de la famille, rembourser le prêt et réinvestir dans les affaires.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Yaya to purchase grains to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013