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Mamadou
Mamadou is a 41-year-old married man and the father of three children. He lives with his wife and children in his own house in the "Hérémakono Nord" neighborhood of Bougouni.

Beside his job as a teacher, Mamadou is also involved in income-generating activities such as buying and selling TV sets and DVD players. He has more than five years of experience in this field and he manages his activity well.

In order to have a constant working capital, he has decided to join Soro Yiriwaso and he would like to buy three 14'' and two 21" TV sets. He stocks up in Bamako, the capital city of the republic of Mali, and resells his merchandise from home and in the various neighborhoods of Bougouni, following orders from his customers. He sells to both men and women.

Thanks to this loan, Mamadou is expecting to make a monthly profit of 45,000 CFA francs, which will allow him to improve his business and repay his loan's interest.
View original language description ↓
Monsieur Mamadou est un homme marié de 41 ans et père de 3 enfant. Il vit avec sa femme et ses enfants chez lui même dans le quartier Hérémakono Nord de Bougouni.
Monsieur Mamadou en plus de son métier d’enseignant, il mène des activités génératrices de revenus notamment l’achat et la vente de téléviseurs et de DVD. Avec plus de 5 années d’expérience, il maîtrise son activité.
Pour obtenir un fonds de roulement consistant il décida de collaborer avec Soro Yiriwaso pour acheter 3 téléviseurs d’écran 14 et 2 téléviseurs d’écran 21. Il s’approvisionne à Bamako capitale de république du Mali et effectue ses ventes à la maison et dans les différents quartiers de Bougouni suite à des commandes. Sa clientèle est mixte. Avec ce prêt, il compte réaliser un bénéfice mensuel de 45 000 FCFA.Ce qui lui permettra de d’améliorer son entreprise et à payer les intérêts.

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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,308,425
    Funds lent in using Kiva
  • 504.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mamadou to buy TV sets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014