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Adama
Adama was born around 1973 in Loulouni. He is married and the father of 4 children. He lives in a traditional family setting in Loulouni (3rd administrative region of the Republic of Mali). He has been buying and selling plastic and aluminium household items for over 6 years. His experience in his line of work has earned him a good reputation and enabled him to receive a lot of orders, particularly for items like cups, plates, kettles, buckets and bathtubs. He started working with Soro Yiriwaso over 3 years ago in order to get the resources necessary for him to be able to satisfy his customers, and is now on his 5th loan. All the previous loans have been correctly repaid.

This loan will allow him to buy dozens of cups, kettles, plates and bathtubs. He gets his supplies from Sikasso town. Having been transported back to Loulouni, the items are stored in his shop. He sells them for cash or credit to a customer base composed of men and women from Loulouni and the surrounding area. Thanks to this loan, he expects to make an average monthly profit of 105 000 francs. These profits will enable him in part to pay off his loan interest, whilst the rest is reinvested in his business.
Monsieur ADAMA est vers 1973 à LOULOUNI. Père de quatre enfants et marié à une femme, il vit dans une famille traditionnelle à LOULOUNI (troisième région administrative de la république du Mali).
Il mène des activités d’achats et de ventes des utensiles de menage en plastique et en aluminium depuis plus de 6 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et reçoit des commandes, notamment des tasses, assiettes, bouilloires ,seaux, baignoires etc. Ainsi pour avoir les ressources nécessaires afin de satisfaire ses clients, ik rentre en collaboration avec l’Institution de microfinance Soro Yiriwaso y’a plus de 3 ans, il est à son cinquième cycle maintenant, tous les prêts précédents ont été correctement remboursés.
Ce prêt lui permettra d’acheter des douzaines de tasses, bouilloires, d’assiettes et de baignoires. Il s’approvisionne à SIKASSO. Acheminés à LOULOUNI, les articles sont stockés dans son magasin. Il les revend au comptant et à crédit à une clientèle composée d’hommes et de femmes à Loulouni et ses environs.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 105 000 FCFA. 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

  • $1,100
    Average annual income
  • 18
    View loans »
    Mali Loans Fundraising
  • $11,391,850
    Funds lent in using Kiva
  • 503.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD