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Cheick Oumar
More than 26 years old, Mister Cheick Oumar is single and lives with his father in a large traditional family in Hamdallaye, one of the popular neighborhoods of the town of Sikasso (third administrative region of the republic of Mali).

Mister Cheick Oumar didn't have the chance to progress in school, he very quickly learned the sale of automobile spare parts from his brother in Sikasso more than ten years ago. His shop is located at the new market of Médine Sikasso and most of his clientèle consists of men especially foreigners. With such experience in this domain, he enjoys perfect confidence from his clientèle. He buys his merchandise in Lomé (republic of Togo) and then resells it to the garage owners and individuals of Sikasso. Concerned about better satisfying the orders which are growing more and more, he is thus requesting this first loan from the microfinance institution Soro Yiriwaso.

This first loan will allow him to buy 10 pairs of hubcaps, 5 pairs of cushions and 20 wheel rims.

With this loan, he envisions making a monthly profit of 200,000 FCFA. With the profits made, he plans to settle his essential personal expenses, contribute to the family expenses, pay the interest on his loan and invest the rest in his shop.
View original language description ↓
Âgé de plus 26 ans, Monsieur Cheick Oumar est célibataire et résidant chez son père dans une grande famille traditionnelle à Hamdallaye, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Cheick Oumar n’a pas eu la chance d’avancer à l’école, il s’est très vite initié depuis plus de dix années à la vente des pièces détachée auto auprès de son frère à Sikasso. Sa boutique se située au nouveau marché de médine Sikasso et la plupart de sa clientèle est composée d’hommes surtout les forains. Avec une telle expérience dans le domaine, il jouit d’une parfaite confiance de sa clientèle. Il achète des marchandises à Lomé (république de Togo) et afin de les revendre aux garagiste et particuliers de Sikasso. Dans les souci de mieux satisfaire des commandes de plus en plus croissantes, il sollicite ainsi ce premier crédit auprès de l’institution de microfinance Soro Yiriwaso.
Ce premier crédit lui permettra d’acheter 10 paires enjoliver, 5 paires de coussin et 20 jantes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 200 000 F CFA. Avec ces bénéfices réalisés, il compte résoudre l’essentielle de ses dépenses personnelles, contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son magasin.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,686,675
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Cheick Oumar to buy spare parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013