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Mamadou
Mamadou was born around 1964 in Lofigué, Kadiolo circle. Married and the father of 5 children, he lives in a nuclear family in Kadiolo - Noumousso (3rd administrative region of the Republic of Mali). He has been buying and selling plastic shoes for over 6 years. His experience in this line of work has earned him a good reputation and he gets orders from everywhere. He is therefore asking for support from the microfinance institution Soro Wiriwaso in order to have the resources necessary to satisfy his customers, and is on his first loan. This loan will enable him to buy 600 pairs of plastic shoes. He gets his supplies from the Republic of the Ivory Coast, a country bordering Mali. When the shoes get to Mali, he sells them at the markets of Kadiolo and Loulouni, for cash and often credit, to a clientèle made up of men and women. Thanks to this loan, he expects to make an average monthly profit of 105 000 francs. Part of the profit will allow him to cover the interest payments on his loan, and part will be reinvested in his business.
Monsieur MAMADOU est né vers 1964 à Lofigué Cercle de Kadiolo. Père de cinq enfants et marié à une femme, il vit dans une famille nucléaire à KADIOLO - NOUMOUSSO (troisième région administrative de la république du Mali).
Il mène des activités d’achat et de vente de chaussures en plastique depuis plus de 6 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et il reçoit des commandes venant de divers horizons. Ainsi pour avoir les ressources nécessaires afin de satisfaire ses clients, il sollicite la collaboration de l’Institution de Micro Finance Soro Yiriwaso avec qui il est à son premier prêt..
Ce prêt lui permettra d’acheter 600 paires de chaussures en plastique. Il s’approvisionne en République de Côte D’Ivoire pays frontalier du MALI. Acheminées au MALI, il les revend au comptant et souvent à crédit à une clientèle composée d’hommes et de femmes au marché de Kadiolo et Loulouni.
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

  • $1,200
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 502.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mamadou to buy plastic shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014