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Alou
Alou is 37 years old, married and the father of six children. He lives in a polygamous family with his two wives, his children and his parents in Ouelessebougou. He has been running a business buying and selling spare parts for the past five years. He is valued and very sought after in Ouelessebougou and the surrounding area.

In order to satisfy the demand of his ever-increasing customer base, Alou decided to join the loan program of Soro Yiriwaso. He is currently on his fourth loan cycle, having fully repaid his three prior loans.

Alou plans to use this loan to buy a large stock of spare parts from the wholesalers in Bamako. He sells his merchandise at the market in Ouelessebougou to a customer base of chauffeurs and mechanics. Alou hopes to earn an average monthly income of 100,000 FCFA, which he will use to meet his family's expenses and to reinvest in his business.
View original language description ↓
Monsieur Alou est âgé de 37 ans, marié et père de 6 enfants. Il vit dans une famille polygame avec ses deux épouses, ses enfants et ses parents à Ouelessebougou.
Il mène des activités génératrices de revenus notamment l’achat vente de pièces détachées depuis maintenant 5 ans. Il est très sollicité et apprécié à Ouelessebougou et environs.
Dans le souci de satisfaire sa clientèle de plus en plus nombreuse et exigeante, il décida d’intégrer le programme crédit de Soro Yiriwaso avec qui il est à son quatrième prêt, après avoir correctement les trois prêts précédents.
Alou compte utiliser ce nouveau prêt pour acheter un important stock de pièces détachées auprès des grossistes de Bamako. Il effectue ses ventes au marché de Ouelessebougou à une clientèle constituée de chauffeurs et de mécaniciens.
Il espère réaliser un bénéfice moyen mensuel de 100.000 FCFA, qui sera utilisé pour subvenir aux dépenses de la famille et réinvesti dans les activités.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 508.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD