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Soumaïla
Soumaïla is 36 years of age, married, and a father to four children. He lives with his family in Sanoubougou, an extension to one of the popular neighborhoods of the village of Sikasso (the third-largest administrative region in the Republic of Mali).

After many unsuccessful businesses, 12 years ago Soumaïla started working selling miscellaneous articles, and has a store in front of his family home where he sells his items: cigarettes, candies, matches, chewing gum, powdered milk, tea, sugar, soap, and so on. He is much sought-after by his customers, due to the quality of the products he sells. To satisfy his ever-growing customer base, Soumaïla decided to join the Soro Yiriwaso microfinance institution about a year ago. After successfully repaying his two earlier loans, he is now on his third. This loan will allow him to buy 15 packs of varied cigarettes, five bags of sugar, 12 boxes of tea, 10 packs of candies, 10 packs of chewing gum, 12 packets of matches and eight boxes of soap. He buys his merchandise from wholesale traders in the city, before reselling them in his store.

With this loan he plans to make a monthly profit of 175,000 francs CFA, which will mainly be used to increase his working capital, contribute to covering the household expenses, and pay the interest on his loan.
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Monsieur Soumaïla a 36 ans, marié et père de quatre enfants, il réside avec sa famille à Sanoubougou II Extension un des quartiers populaires de la ville de Sikasso ( troisième région administrative de la république du Mali).
Monsieur Soumaïla après avoir mené plusieurs activités sans succès, s’est initié il y a douze ans aux activités de commerce d’articles divers dont il dispose une boutique devant le domicile conjugal où il vend ses articles : Cigarettes, bonbons, allumettes, Chewing-gum, lait en poudre, thé, sucre, savon, etc. Il est beaucoup sollicité de sa clientèle pour la qualité de ses produits. Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso il y a environ une année. Après avoir correctement remboursé les 2 prêts précédents, il est à son troisième crédit qui lui permettra d’acheter 15 cartouches de Cigarettes différentes, 5 sacs du sucre, 12 cartons du thé, 10 paquets de bonbon, 10 paquet de Chewing-gum, 12 paquets d’allumettes et 8 cartons de savon. Ses marchandises sont achetées auprès de commerçants grossistes de la ville avant de les revendre en détail dans sa boutique.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 175 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt .

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

  • $1,100
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,410,125
    Funds lent in using Kiva
  • 517.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD