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Modibo
Modibo is a 28-year-old married man and the father of three children. He lives with his wife and children in a traditional family in the Nièbala neighborhood of Bougouni.

Modibo holds a degree and he has been buying and selling fabrics for more than five years, an activity he learned from a friend who worked in business.

Thanks to his experience of more than five years, Modibo knows his business very well. He is a popular seller in Bougouni and he has a large number of customers.

In order to boost his business, he has decided to join the loan program offered by Soro Yiriwaso. This is his second loan with the institution, and he had no difficulty repaying his last loan.

Modibo is planning to buy 15 sets of fabrics from sellers traveling to Burkina Faso. He sells to a retail customer base consisting of both men and women. He sells for cash or on credit, offering the option of monthly payments.

He is expecting monthly profits to reach 45,000 CFA francs, which will be used to repay his loan and to cover his family expenses.
View original language description ↓
Monsieur Modibo est un homme marié de 28 ans et père de 3 enfants qui vit avec sa femme et ses enfants à Bougouni dans une famille traditionnelle, dans le quartier Nièbala.
Monsieur Modibo est un jeune diplômé, qui mène depuis maintenant plus de 5 ans cette activité d’achat et de vente de tissus apprises auprès d’un de ses amis commerçant.
Nanti de plus de cinq années 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 deuxième prêt.et le prêt précédent a été remboursé sans difficulté.
Il compte acheter, 15 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 45.000 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

  • $1,200
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 507.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Modibo to buy some fabrics.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013