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N’Golo
N'Golo is 59 years old and lives with his 10 children and spouses in the sub-prefecture of Kourouba, Koulikoro region. N'Golo did not have the opportunity to go to school. He became interested in revenue-generating activities at a very young age, notably the buying, storage and selling of cereals. He decided to work together with Soro Yiriwaso in order to satisfy his growing customer base.

Having properly repaid his second loan, he is now on his 3rd individual loan, which will be used to buy 4 tons of cereal (corn, beans, millet and fonio) from the farmers of Faraba Dracoro and the surrounding area, which he will keep for at least one month. He mostly sells wholesale to a clientèle made up of resellers from the large towns like Bamako and Ouelessebougou. N'Golo hopes to make an average monthly profit of 75 000 francs, part of which will be used to repay the loan whilst the rest of it will be reinvested in his business.
N’GOLO est âgé de 59 ans et vit avec ses dix enfants et ses épouses dans la sous préfecture de KOUROUBA, Région de KOULIKORO.
N’GOLO n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat stockage vente de céréales.
Dans le souci de satisfaire sa clientèle en nette croissance, elle décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le deuxième prêt il est à son troisième prêt individuel qui servira à acheter, 4 tonnes de céréales (maïs, haricot, mil, fonio) auprès des paysans producteurs de FARABA DRACORO et environnants qu’il gardera pendant au moins 1 mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako, Ouelessebougou.
N’GOLO espère réaliser un bénéfice moyen mensuel de 75.000 FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

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
  • 50
    View loans »
    Mali Loans Fundraising
  • $10,780,275
    Funds lent in using Kiva
  • 481.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped N’Golo to buy cereals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013