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Amadou
Amadou was born in 1962 in Karaguana-Malle/Koutiala. He lives with his two wives and their 12 children in Mandela, the third largest administrative region in Mali. He has been in business for two years. His experience in this field has given him a good reputation and he receives orders from various customers. In order to have the means necessary to satisfy these customers, he decided to work with Soro Yiriwaso, a microfinance oragnization, two years ago. His prior loans have been fully repaid. This new loan will enable him to buy an inventory of condiments such as sounbala, lorie, fiefie, Maggi seasoning, tomato concentrate, onions, and garlic. He stocks up at the Sikasso market. His sales are made in Mandela at his home and at the village market. He is helped by his wives. His customers consist of mostly women from his village and the surrounding area. With this loan, Amadou expects to earn an average monthly profit of 24,500 FCFA. This profit will allow him to pay the interest on his loan and to invest the rest in his business.
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Amadou est né en 1962 à Karaguana-Malle/Koutiala. Il vit chez lui avec ses deux femmes et ses 12 enfants à Mandela (troisième région administrative de la république du Mali).
Il mène cette activité depuis de 2 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et reçoit des commandes de divers clients. Ainsi pour avoir les ressources nécessaires afin de satisfaire ces clients, il décida de collaborer avec Soro Yiriwaso, il ya 2 ans et les prêts précédents ont été correctement remboursés.
Ce nouveau prêt lui permettra d’acheter un stock de condiments tel que : Sounbala, lorié, fièfiè, cube maggi, des boites de de concentrées de tomate, de l’oignon et de l’ail. Il s’approvisionne au marché de Sikasso. Les ventes sont faites à Mandela chez lui et au marché du village. Il se fait aider par ses femmes. Sa clientèle est composée principalement de femmes du village et d’environs.
Avec ce prêt, Amadou envisage réaliser un bénéfice mensuel moyen de 24 500 FCFA par mois. Ce bénéfice lui permettra de payer les intérêts de son prêt et investir le reste dans son activité.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Amadou to buy condiments.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013