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Mahamadou
This mechanic is also a motorbike spare parts salesman, he is 33 years old and married. He and his wife live with their five children with his father in the Koutiala prefecture (Sikasso region).
For social reasons he was not able to finish his primary school studies, this is why he went into mechanics, a profession that he learned from his brother ten years ago. This profitable activity makes sufficient income for him as he receives many orders every month. In order to satisfy his clientele and enlarge his business, Mahamadou requests a loan from the Soro Yiriwaso micro-finance institution hoping to reach his goals. This is his second individual loan. This loan will enable him to purchase spare parts for motorcycles from Bamako. He runs his sales business in his garage in Koutiala to a mixed clientele for cash or for credit.
Mahamadou hopes to make a profit of 100 000 FCFA per month which he will use to repay the interests of his loan, to cover his needs and invest the remainder in his business.
Ce mécanicien de profession est également revendeur de pièces détachées motos, il est âgé de 33 ans, marié avec une épouse, père de 5 enfants et vit chez son père avec sa famille dans la préfecture de Koutiala (Région de Sikasso).
Du à des raisons sociales, il n’a pas pu continuer les études primaires raisons pour laquelle il s’est accroché à la mécanique, qu’il appris auprès de son frère il y’a 10 ans. Cette activité très rentable lui procure assez de revenus car il reçoit beaucoup de commandes par mois. Pour la bonne satisfaction de sa clientèle et l’élargissement de son activité, Mahamadou a fait recours à l’institution de microfinance Soro Yiriwaso pour l’atteinte de ses objectifs . Il est à son 2ème prêt individuel. Ce prêt servira a acquérir des pièces de rechanges motos en provenance de Bamako. Il effectue son activité de vente dans son garage dans la ville de Koutiala, à une clientèle mixte au comptant et à crédit.
Mahamadou compte réaliser un bénéfice de 100 000 FCFA par mois, qu’il utilisera pour le remboursement des taux d’intérêts, subvenir à ses besoins 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
  • 56
    View loans »
    Mali Loans Fundraising
  • $10,440,150
    Funds lent in using Kiva
  • 490.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Mahamadou to purchase spare parts for motorbikes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013