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N’To
N’TO is 45 years old and lives with his seven children and his wives in DIENFING in the sub-prefecture of OUELESSEBOUGOU, Region of KOULIKORO. N’TO did not have the chance to go to school. Early on, he became interested in revenue-generating businesses, especially in the buying, storing, and selling of grains. He learned about this business from his maternal uncle, who used to be a major grains merchant in his time.

Concerned about satisfying his clearly growing customer base, he decided to collaborate with the microfinance institution Soro Yiriwaso. After having correctly repaid the fifth loan, he is now on his sixth individual loan, which will be used to purchase 3 tonnes of grains (corn, beans, millet, 'fonio') from peasant producers in and around DIENFING. He will keep the grains for at least three months. He makes his sales to a customer base composed of retailers from big cities, such as Bamako, OUELESSEBOUGOU.

N’TO hopes to make an average monthly profit of 125,000 francs CFA will be used for repaying the loan and reinvesting the rest in business.
View original language description ↓
N’TO est âgé de 45 ans et vit avec ses sept enfants et ses époux à DIENFING dans la sous-préfecture de OUELESSEBOUGOU, Région de KOULIKORO.
N’TO n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat stockage vente de céréales. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand commerçant de céréales.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le cinquième prêt il est à son sixième prêt individuel qui servira à acheter, 3 tonnes de céréales (maïs, haricot, mil, fonio) auprès des paysans producteurs de DIENFING et environnants qu’il gardera pendant au moins 3 mois. Il vend à une clientèle constituée de revendeurs venant des grandes villes telles Bamako, OUELESSEBOUGOU.
N’TO espère réaliser un bénéfice moyen mensuel de 125 000 FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped N’To to purchase grains.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013