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Yacouba
Yacouba is 48 years old, married, and father of eight children. He lives in a traditional family with his wife and children in the Torakabougou neighborhood of Bougouni.

As a result of his parents' poverty, he decided to abandon his studies in the second year of primary school (Malian education system) to generate revenue by working. For years, he was involved in several different business activities, but without success. Then, he became interested in the business of buying and selling bicycles and accessories, eventually specializing in this area. He learned about this business from one of his cousins. With over 20 years of experience, he understands the business well and is respected and in high demand.

He decided to work with Soro Yiriwaso in the hopes of being able to satisfy his ever-growing and demanding customer base. He is on his first loan, which he plans to use to buy 10 used bicycles from different stores.

He stocks up at wholesalers in Bamako and sells his goods at the grand market in Bougouni to a diverse and varied clientele.

He hopes that with the loan, he will be able to earn a monthly profit of 25,000 FCFA, which he will use to pay back the loan and reinvest in his business.
View original language description ↓
Monsieur Yacouba est un homme marié de 48 ans et père de 8 enfants. Il vit avec sa femme et ses enfants à Bougouni dans une famille traditionnelle au quartier Torakabougou.
En raison à la pauvreté de ses parents, il décide d’abandonner l’école en classe de 2 ème année fondamentale (système éducatif Malien) au profit des activités génératrices de revenus. C’est ainsi que pendant des années il mena plusieurs activités mais sans succès. Alors il commença à s’intéresser aux activités d’achat et la vente de bicyclettes et accessoires dans laquelle il finit par se spécialiser. Il a appris cette activité auprès d’un de ses cousins. Avec une expérience de plus de 20 ans, il maitrise cette activité et il est très apprécié et sollicité.
Dans le souci de satisfaire cette clientèle de plus en plus nombreuse et exigeante, il décide de collaborer avec Soro Yiriwaso. Il est à son premier prêt, qu’il compte utiliser pour acheter, 10 bicyclettes occasions de différentes sortes.
Il s’approvisionne à Bamako auprès des grossistes et effectue ses ventes au grand marché de Bougouni, à une clientèle diverse et variée.
Il espère réaliser avec ce prêt un bénéfice mensuel de 25 000 FCFA qui sera utilisé pour rembourser le prêt et être réinvesti 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
  • 33
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 507.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Yacouba to buy bicycles.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013