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Abou
Mr. Abou is 35 years old, married, and a father of two. He lives with his family in Bougoula Hameau, a rural town in Sikasso (the third administrative district in the Republic of Mali).

After having tried several businesses without success, Mr. Abou taught himself how to run a business; he has a shop in front of his family home. He has been purchasing and selling assorted goods (cigarettes, candy, matches, chewing gum, powdered milk, tea, sugar, soap, etc.) for six years now. He is highly sought after by his customers for the quality of his products.

To satisfy his growing customer base, Mr. Abou decided to join the microfinance institution Soro Yiriwaso six months ago. He is on his second individual loan.

Mr. Abou sells his wares for cash and on credit to a group of customers made up of men and women.

With this new loan, he plans to purchase five cartons of various cigarettes, three boxes of tea, two bags of sugar, five packages of candy, 10 packages of chewing gum, 30 packages of matches, and 10 boxes of soap. Mr. Abou gets his supplies from market wholesalers prior to selling them at retail.

With this loan, Mr. Abou expects to turn a monthly profit of 100,000 CFA francs, which will be used to contribute to the family expenses and to pay the interest on his loan; the rest will be invested in his business.
View original language description ↓
Monsieur Abou a 35 ans, marié et père de deux enfants. Il réside avec sa famille à Bougoula Hameau, commune rurale de Sikasso (troisième région administrative de la république du Mali).
Monsieur Abou après avoir mené plusieurs activités sans succès, s’est initié au domaine du commerce dont il dispose d’une boutique devant le domicile conjugal. Il mène des activités d’achat et vente des articles divers (Cigarette, bonbon, allumette, Chewing Gum, lait en poudre, thé, sucre, savon, etc) il y’a maintenant six ans. Il est beaucoup sollicité de sa clientèle pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso depuis maintenant six mois. Il est à son deuxième prêt individuel.
Monsieur Abou vend ses marchandises au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce nouveau prêt, il compte acheter 5 cartouches de Cigarettes différentes, 3 cartons du thé, 2 sacs du sucre, 5 paquets de bonbon, 10 paquet de Chewing-gum, 30 paquets d’allumettes et 10 cartons de savons. Il s’approvisionne auprès de commerçants grossistes de la place avant de les revendre en détail.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 100 000 FCFA qui sera utilisé pour contribuer aux dépenses familiales, 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
  • 6
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 502.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Abou to purchase assorted goods.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014