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Oumar
Oumar was born around 1980 in the Bananso Circle of Kadiolo. He lives with his wife and their two children in Loulouni, located in the third administrative region of Mali (Sikasso).

In addition to his business repairing motorcycles and bicycles, Oumar has also been buying and selling spare parts for the past six years. He purchases his merchandise in Sikasso and Bamako, then transports it to a shop in Loulouni which is close to his garage and near the road. Oumar sells his merchandise for cash, on credit and at retail.

Oumar has been working with the microfinance institution Soro Yiriwaso for two years and is on his second loan cycle, the first of which was fully repaid. With his current loan, Oumar plans to purchase a large quantity of spare parts. He hopes to earn a monthly income of 60,000 FCFA, which will permit him to better pay for his family's expenses. A portion will also be used to pay the interest on his loan and the remainder Oumar will use to reinvest in his business.
View original language description ↓
Monsieur Oumar est né vers 1980 à Bananso Cercle de KADIOLO, il vit avec son épouse et leurs 2 enfants à LOULOUNI dans la troisième région administrative du Mali (Sikasso).
Monsieur Oumar en plus de ses activités de réparation de mobylettes et de bicyclettes, fait également l’achat vente des pièces détachées depuis maintenant 6 ans. Il s’approvisionne à Sikasso et à Bamako,acheminées à Loulouni les pièces sont mises dans une boutique près du garage aux abords du goudron. Il vend au comptant, en détail et à crédit.
Il est en collaboration avec l’institution de microfinance Soro Yiriwaso depuis deux ans et il est à son deuxième prêt, le premier ayant a été correctement remboursé.
Il compte acheter avec son prêt, une quantité importante de pièces de rechanges.
Il compte réaliser avec ce prêt un bénéfice mensuel moyen de 60 000 FCFA, qui lui permettra de mieux faire face aux dépenses familiales, une partie sera utilisée pour payer les intérêts de son prêt et le reste sera investis 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,463,475
    Funds lent in using Kiva
  • 502.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD