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Bakary
Bakary is 39 years old, married and the father of 6 children. He lives with his wife and children in their home in the district of Dougounina, in Bougouni. Having quickly left school in the 5th year of basic education (in the Malian education system), he started doing revenue-generating activities, namely the buying and selling of hair extensions, creams and all sorts of clothing. He learnt his trade at his uncle's side. He is a master of his business, with over 10 years of experience.

In order to strengthen his business, he decided to join Soro Yiriwaso and get a loan with which to buy 10 boxes of hair extensions of varying quality, 15 boxes of creams of differing quality and a dozen sets of clothing for children. He gets his supplies in Bamako (capital of the Republic of Mali). He makes his sales from his shop, located at the centre of the Bougouni Grand Market. His customer base is essentially made up of women. This is his first experience with Soro Yiriwaso. Using this loan, he expects to make a monthly profit of 75 000 francs. He plans to use the profit to expand his shop, pay the loan interest and meet his needs.
Monsieur Bakary est un homme marié de 39 ans et père de 6 enfants. Il vit avec sa femme et ses enfants chez lui même dans le quartier Dougounina de Bougouni.
Ayant abandonné l’école moderne en classe de 5ème année fondamentale (système éducatif Malien) très vite, il commença les activités génératrices de revenus notamment l’achat et la vente des mèches, de pomades et des habits de toutes catégories. Il a appris cette activité auprès de son oncle. Avec une expérience de plus de 10 ans, il maîtrise son activité.
Pour renforcer son commerce, il décide d’intégrer le programme de crédit de Soro Yiriwaso pour prendre un prêt afin d’acheter 10 cartons de mèches de diverses qualités, 15 cartons de pomades de différentes qualités et quelques douzaines d’habits pour enfants. Il s’approvisionne à Bamako (capitale de la république du Mali). La vente de ses articles se fait dans sa boutique située au coeur grand marché de Bougouni. Sa clientèle est composée essentiellement de femmes.
Il est à sa première expérience avec Soro Yiriwaso.
Avec ce prêt il compte réaliser un bénéfice mensuel de 75.000 FCFA. Avec ce bénéfice il compte agrandir sa boutique, payer les intérêts du prêt et subvenir à ses besoins.

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
  • 25
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Bakary to buy hair extensions, creams and clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 20, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013