Check out some available loans that are similar to this one!
Yatoufa
Yatoufa was born in 1955, in Nèbabougou, Sikasso. Yatoufa is a polygamist. He has two wives and nine children. He lives with his two wives and children in Sanoubougou I, a popular neighborhood of Sikasso (third administrative region of the Republic of Mali).

Yatoufa did not have the opportunity to go to school and, after having run a number of businesses without much success, he started selling timber around six years ago. He buys his timber in neighboring areas. With the experience he has in his field, he has built up a strong reputation and receives a lot of orders. However, he lacks the resources he needs to satisfy his customers' needs. For this reason, he decided to join Soro Yiriwaso's loan program. This is his third loan and he will use it to increase his working capital so that he can better respond to his customers' demands. He repaid his previous loans on time and in full.

This third loan will allow Yatoufa to buy 500 planks of wood which he will sell to a wide range of people. He plans to make a monthly profit of 175,000 francs. He plans to use the profits he makes to cover his main expenses and those of his family. He will also pay the interest on his loan and invest the remainder in his main business.
View original language description ↓
Né vers 1955 à Nèbabougou Préfecture de Sikasso, Monsieur Yatoufa est polygame avec deux épouses et père de neuf enfants. Il réside avec ses deux femmes et ses enfants dans à Sanoubougou I, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Yatoufa n’ayant pas eu la chance d’aller à l’école et après avoir mené plusieurs activités sans succès, il s’est vite initié il y’a environ six années aux activités de vente de bois de construction qu’il achète dans les localités environnantes de Sikasso. Avec une telle expérience dans ce domaine, il jouit d’une forte réputation et accueille beaucoup de commandes, mais les ressources nécessaires pour satisfaire ces besoins fait défaut. Ainsi, il décida d’intégrer le programme de crédit de Soro Yiriwaso avec lequel il sollicite ce troisième crédit qui lui permettra d’augmenter son fonds de commerce afin de mieux répondre aux attentes de ses clients, les prêts précédents ont été correctement remboursés.
Ce troisième crédit qui lui permettra d’acheter 500 Planches de bois de constructions qui sera vendu à une clientèle diverse et variée.
Il envisage réaliser un bénéfice mensuel de 175 000 FCFA. Avec ce bénéfice réalisé, il compte résoudre l’essentielle de ses dépenses, celles de sa famille, payer les intérêts de son prêt et investir le reste dans son activité principale.

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
  • 33
    View loans »
    Mali Loans Fundraising
  • $11,450,075
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD