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Mamadou
MAMADOU is 36 years old and lives with his children and his wives in the sub-prefecture of KOUROUBA, Region of KOULIKORO. He did not have the chance to go to school. Early on, he became interested in revenue-generating businesses, especially in the buying and selling of grains.

Concerned about satisfying his clearly growing customer base, he decided to collaborate with the microfinance institution Soro Yiriwaso. After having correctly repaid the second loan, he is on this third individual loan, which will be used to purchase 4 tonnes of grains (corn, beans, millet, fonio) from peasant producers in and around DANGASSA. He will keep the grains for at least two months. Basically he makes his sales in bulk to a customer base composed of retailers from the big cities, such as Bamako or SANANKOROBA.

MAMADOU hopes to make an average monthly profit of 100,000 francs CFA that will be used for repaying the loan and reinvesting in business.
View original language description ↓
MAMADOU est âgé de 36 ans et vit avec ses six enfants et ses époux dans la sous préfecture de KOUROUBA, Région de KOULIKORO.
MAMADOU 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.
Dans le souci de satisfaire sa clientèle en nette croissance, elle décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le deuxième prêt il est à son troisième prêt individuel qui servira à acheter, 4 tonnes de céréales (maïs, haricot, mil, fonio) auprès des paysans producteurs de DANGASSA et environnants qu’elle gardera pendant au moins 2 mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako, SANANKOROBA
MAMADOU espère réaliser un bénéfice moyen mensuel de 100 000 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
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    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 Mamadou 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