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Omaro is 31 years old, married with one child, and lives with his parents in the city of Koutiala (in the region of Sikasso). He did not have the chance to attend school, which is why he has been involved in income-generating activities for over seven years. He is highly sought-after, since mobile phones have become indispensable these days. In order to satisfy his cilentele, Omaro turned to the microfinance institution Soro Yiriwaso three years ago. He is on his third individual loan, and the two previous ones were repaid properly.
With this loan, he intends to buy 15 mobile phones and accessories in Bamako. He makes his sales at his kiosk to a diverse clientele. With this loan, he intends to earn a monthly profit of 90,000 FCFA, which he will use to provide for himself and invest in his business.
In the coming days, he foresees expanding his business to attract more customers.
Agé de 31 ans, marié et père d’un enfant, Omaro vit avec ses parents dans la ville de Koutiala (Région de Sikasso). Il n’a pas eu la chance de faire les études, raison pour laquelle il a embrassé les activités génératrices de revenus il y’a plus de 7 ans. Il est très bien sollicité car de nos jours les téléphones portables sont devenus indispensables. Pour la bonne satisfaction de sa clientèle, Omaro a fait recours à l’institution de microfinance Soro Yiriwaso il y’a 3 ans, il est a son 3ème prêt individuel et les deux précédents ont été bien remboursés.
Avec ce financement il compte acheter 15 téléphones portables et des accessoires à Bamako, il effectue sa vente dans son kiosque à une clientèle mixte en espèce. Avec ce financement, il compte sur un bénéfice mensuel de 90 000 FCFA qu’il utilisera pour subvenir à ses besoins et investir le reste dans son activité.
Dans les jours à venir, il envisage d’agrandir son activité pour attirer plus de clients.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $11,527,250
    Funds lent in using Kiva
  • 490.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD