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Alou
Mr. ALOU is 37 years old and lives with his four children and wife in a traditional family in the sub-prefecture of Ouelessebougou, in Région de Koulikoro. ALOU did not have the chance to go to school. Early on, he became interested in revenue-generating work, especially in the buying and selling of grains and a variety of other goods. He learned this business from his maternal uncle, who used to be a major merchant of grains and general goods.

Concerned about satisfying his clearly growing customer base, he decided to collaborate with the microfinance institution Soro Yiriwaso and is now on his third individual loan, which will be used to purchase 2 tonnes of rice from BAMAKO wholesalers. Accepting cash or credit from a mixed customer base, he sells the goods retail, instead of panning for gold.

ALOU hopes to make an average monthly profit of 100,000 francs CFA that will be used to repay the loan, and the rest will be reinvested in his work.
View original language description ↓
Monsieur ALOU est âgé de 37 ans et vit avec ses quatre enfants et son épouse dans une famille traditionnelle dans la sous préfecture de Ouelessebougou, Région de Koulikoro.
ALOU 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 vente de céréales et autre article divers. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand commerçant de céréales et d’article divers.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Il est à son troisième prêt individuel qui servira à acheter, 2 tonnes de riz auprès des grossistes de BAMAKO qu’il revend en détail au lieu d’orpaillage à crédit et au comptant a une clientèle mixte.
ALOU espère réaliser un bénéfice moyen mensuel de 100.000. 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
  • 19
    View loans »
    Mali Loans Fundraising
  • $10,726,175
    Funds lent in using Kiva
  • 502.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Alou to purchase grains.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013