Check out some available loans that are similar to this one!
Yaya
Mr. Yaya is a 28-year-old married man and the father of two children. He lives with his wife and children in his own home in the Massablacoura district of Bougouni. Mr. Yaya has a degree in building design. Before graduating, he learned woodworking from his father. Thus, to support himself while helping out his father to cover family expenses, he decided to open a carpentry shop and sell lumber. With nine years of experience, he has a mastery of his work.

To obtain substantial working capital, he decide to join the microfinance institution Soro Yiriwaso to purchase 70 boards and 30 pieces of plywood. He gets his supplies in Manankoro, Sikasso, and Bougouni. Sales are made at his workshop. His customer base is composed essentially of furniture makers and masons. He is much in demand by his customers.

With this loan, he expects to make a monthly profit of 75,000 francs CFA enabling him to improve his enterprise and to pay off the loan. His ambition is to equip himself soon with a power planer (since he spends over 100,000 francs per month in planing costs).
View original language description ↓
Monsieur Yaya est un homme marié de 28 ans et père de 2 enfant. Il vit avec sa femme et ses enfantss chez lui même dans le quartier Massablacoura de Bougouni.
Monsieur Yaya est diplomé en dessin Bâtiment. Avant de terminer ses études il a appris auprès de son père la menuiserie bois. Anisi pour subvenir à ses besoin tout en aidant son père dans les dépenses de la famille, il décide d’ouvrir un atelier de menuiserie et de vente de bois. Avec 9 années d’expérience, il maîtrise son activité.
Pour obtenir un fonds de roulement consistant il décida de rejoindre Soro Yiriwaso pour acheter 70 planches de bois et 30 contre-paquets. Il s’approvisionne à Manankoro, à Sikasso et à Bougouni. La vente se fait dans son atelier. Sa clientèle est composée essentielement de menuisiers et de maçons. Il est très solicité par ses clients.
Avec ce prêt, il compte réaliser un bénéfice mensuel de 75.000 FCFA qui lui permettra d’améliorer son entreprise et à payer le prêt.
Il ambitionne de se doter prochainement d’une machine de rabotage de bois (car il dépense par mois plus de 100.000FCFA pour les frais de rabotage).

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $11,465,250
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD