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Baba
Mr. Baba is a 39-year-old married man and the father of four children. He lives with his wife and children at his own place in Bougouni in the district of Hérémakono Centre. Due to the poverty of his parents, he decided to drop out of primary school in the 4th year (Malian education system) to benefit from revenue-generating work. Thus, for years, he ran several businesses unsuccessfully but finally decided to specialize in the buying and selling of construction lumber twenty years ago. He learned this business from one of his friends.

While looking for additional financial resources, he decided to join the loan program at the microfinance institution Soro Yiriwaso and is now on his first loan.

He plans on using this loan to purchase 90 boards of different dimensions (2, 3, 4, and 6 meters). He gets his supplies in Gueya (in the Republic of Cote d’Ivoire). His lumber is sold in Bougouni and in Bamako. His customer base is composed of furniture makers, masons, and retailers.

With this loan, he expects to make a monthly profit of 70,000 francs CFA. With the profits, he envisions expanding his enterprise.
View original language description ↓
Monsieur Baba est un homme marié de 39 ans et père de 4 enfants qui vit avec sa femme et ses enfants chez lui même à Bougouni dans le quartier Hérémakono Centre.
Dû à la pauvreté de ses parents, il décide d’abandonner l’école en classe de 4ème année fondamentale, (système éducatif Malien) au profit des activités génératrices de revenus. Ainsi pendant des années il a mené plusieurs activités sans succès, mais finalement il décida de se spécialiser dans l’achat et la vente des bois de construction depuis maintenant plus de 20 ans. Il a appris cette activité auprès d’un de ses amis.
Dans ses recherches de ressources financières complémentaires il décide d’intégrer le programme crédit de Soro Yiriwaso avec qui il est à son 1 er prêt.
Il compte utiliser ce prêt pour acheter, 90 planches de bois composé de différentes dimensions( 2 mètres, 3 mètres, 4 mères et 6 mètres). Il s’aprovisionne à Gueya (en république de Côte d’Ivoire). Ses bois sont vendus à Bougouni et à Bamako. Sa clientèle est composée de menuisiers, de maçons et de revendeurs. Il compte réaliser avec ce prêt un bénéfice mensuel de 70.000 FCFA. Avec ce bénéfice elle envisage agrandir son entreprise.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD