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Saibou
Born around 1980 in Diomana, Mr. Saibou lives with his five children and their mother in a traditional family in Diomana. Not having had the chance to advance in school, Mr. Saibou quickly became interested in revenue-generating businesses, especially in repairing bicycles and motorbikes and in the buying and selling of replacement parts for bikes and 'motos'. He is much in demand and appreciated in and around Diomana.

Bestowed with five years of experience in this domain, Mr. Saibou decided to collaborate with the microfinance institution Soro Yiriwaso in his search for financial resources. He is now on his first loan.

He intends to use his loan to purchase 2 large cases of different kinds of spare parts for motorbikes from wholesale merchants in Koumantou. He makes his sales retail, accepting cash or credit at the Diomana market. His customer base is composed of men and women.

Mr. Saibou hopes to make a monthly profit of 60,000 francs CFA that will be used to meet family needs, repay the loan, and reinvest in his business.
View original language description ↓
Né vers 1980 à Diomana, Saibou vit avec ses 5 enfants et leur mère dans une famille traditionnelle, à Diomana.
N’ayant pas eu la chance de progresser dans les études, Monsieur Saibou s’est vite intéressé aux activités génératrices de revenus notamment la réparation de bicyclettes, motos et l’achat vente des pièces détachées de rechanges pour vélo et motos. Il est très apprécié et sollicité à Diomana et environs.
Nanti de 5 années d’expériences dans le domaine, Saibou dans ses recherches de ressources financières complémentaires, décide de collaborer avec Soro Yiriwaso avec qui il est à son premier prêt.
Saibou compte utiliser son prêt pour acheter, 2 grosses caisses de différentes sortes de pièces détachées pour motos auprès des grossistes de Koumantou. Il effectue ses ventes, au comptant en détail et à crédit au marché de Diomana à une clientèle composée d’hommes et de femmes.
Saibou espère réaliser un bénéfice mensuel de 60.000FCFA 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
  • 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 $300 helped Saibou to purchase bike parts to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 29, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013