Check out some available loans that are similar to this one!
Baba
Mr. Baba was born in 1975 in Zanferebougou C/Sikasso. He lives in his own house in Zanferebougou (3rd administrative region of the Republic of Mali). He has been running businesses buying and selling grains for seven years. His experience in this domain has earned him a good reputation, and he receives orders from diverse customers.

Thus, to obtain the necessary resources to satisfy these customers, he has been collaborating with the microfinance institution Soro Yiriwaso for six years now. The previous loans were properly repaid. This loan will enable him to buy and sell about fifty 50-kg sacks of grains. He gets his supplies in Zanferebougou, as well as in surrounding villages, such as Lobougoula. Sales are made in Niena, as well as in Sikasso. The grains he purchases are stocked in a store in Zanferebougou for a good while. His customer base is composed of men and women from the village.

With this loan, he envisions making an average monthly profit of 90,000 francs CFA. This profit will enable him to pay the loan interest and to invest in his business.
View original language description ↓
Mr Baba est en 1975 à Zanferebougou C/Sikasso. Il vie chez lui même à Zanferebougou (troisième région administrtive de la république du Mali).
Il mène des activités d’achat et de vente de céréales depuis de 7 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et réçoit des commandes de divers clients. Ainsi pour avoir les réssources nécessaires afin de satisfaire ces clients, il collabore avec l’Institution de Microfinance Soro Yiriwaso, il ya maintenant 6 ans, lse prêts précédants ont été correctement remboursés.
Ce prêt lui permettra de faire l’achat et la revente d’environ 50 sacs de 50 kg de céréales. Il s’approvisionne à Zanferebougou ainsi que dans ces village environnant tel que Lobougoula. Les ventes sont faitent à Niena ainsi qu’à Sikasso. Les céréales achetre sont stokés dans son magasin à Zanferebougou penadnt une bonne periode. Sa clientèle est composée d’hommes et de femmes du village.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 90 000 FCFA par mois. Ce bénéfice lui permettra de payer les intérêts de son prêt 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
  • 17
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 502.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Baba to purchase grains.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 4, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014