Check out some available loans that are similar to this one!
Yaya
Mr. Yaya is 25 years old, unmarried, and lives with his father in a large traditional household in Sanoubougou I, one of the surrounding areas of the city of Sikasso (the third administrative region of the Republic of Mali).
Having tried numerous activities without success, Mr. Yaya started making traditional soaps (black soaps) about six years ago - he learned this trade from his mother. He runs his business at home, where he is highly sought-after by his clientele due to the quality of his products. To satisfy his increasingly growing clientele, he decided to join the microfinance institution Soro Yiriwaso, with whom he is on his second individual loan.
With this new loan, he intends to buy eight barrels of used cotton oil (black mix), six bags of lye, and three cartloads of firewood. After making the soap with a base of used cotton oil and lye, he sells them at retail to a clientele composed mostly of women from the area.
With this loan, he foresees realizing a monthly profit of 100,000 FCFA, which will be used to contribute to the family expenses, pay the interest on his loan, and reinvest in his business.
Monsieur Yaya est un célibataire de 25 ans, qui vit chez son père dans une grande famille traditionnelle à Sanoubougou I, un des quartiers périphériques de ville de Sikasso ( troisième région administrative de la république du Mali).
Monsieur Yaya après avoir mené beaucoup d’activités sans succès,s’est initié à la fabrique des savons traditionnels (savons noirs) il y’a environ six années qu’il a appris auprès de sa mère. Il mène son activité dans son domicile où il est beaucoup sollicité de sa clientèle pour la qualité de ses produits. Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso avec qui il est à son deuxième prêt individuel.
Il compte acheter avec ce nouveau prêt, 8 futs des déchets d’huile de coton (pâtes noires), 6 sacs de soude caustique et 3 chargements de charrette en bois de chauffe. Après fabrication des savons à base de déchets d’huile de coton et de soude caustique, il les revend en détail à une clientèle composée généralement de femmes de sa localité.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 100.000 FCFA qui sera utilisé pour contribuer aux dépenses familiales, 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
  • 156
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 490.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Yaya to buy used cotton oil and lye.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013