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Abdou
Born in 1957 in Mopti, Mr. Abdou is married and lives in a traditional family with his brother and other parents in Heremakono Nord, one of the districts in the city of Bougouni (third administrative region of the Republic of Mali).

Abdou did not have a chance to pursue much education. About twenty years ago, he got introduced to the business of buying and selling radios, radio-cassettes, tapes, etc. His business is conducted at the general market in Bougouni. His clientele is composed from all social classes, with a majority of fairground workers. He is very much in demand from his clients due to the quality of his products.

In order to better satisfy his still-growing clientele, he decided to join micro-finance institution Soro Yiriwaso. After a first loan which was duly repaid, he is now requesting a second loan to purchase twenty radios and four boxes of tapes in Bamako.

With this loan, he is expecting to make a monthly profit of 100,000 FCFA to be used to contribute to the family’s expenses, to pay back the loan and its interests, with the remainder to be reinvested in his business.
View original language description ↓
Né en 1957 à Mopti, Monsieur Abdou est marié et réside dans une famille traditionnelle avec son frère et autres parents à Heremakono Nord, un des quartiers de la ville de Bougouni (troisième région administrative de la république du Mali).
Abdou n’ayant pas eu la chance de progresser dans les études, s’est initié à cette activité d’achat et de vente de radios, de radios-cassettes, de cassettes, de lunettes, etc il y a environ 20 ans. Son activité est menée au grand marché de Bougouni avec une clientèle composée de toutes les couches sociales et surtout de forains. Il est beaucoup sollicitée de sa clientèle pour la qualité de ses produits.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, Il décida d’intégrer l’institution de microfinance Soro Yiriwaso. Après un premier prêt qui fut correctement remboursé, il sollicite son deuxième crédit pour acheter à Bamako, 20 radios, 4 cartons de cassettes.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 100 000 FCFA qui sera utilisé pour contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son activité.

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
  • 151
    View loans »
    Mali Loans Fundraising
  • $11,246,625
    Funds lent in using Kiva
  • 514.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Abdou to buy radios and tapes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013