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Almoudou
Almoudou is over 46 years old. He is married and the father of four daughters. He lives with his family in Médine, one of the working-class neighborhoods of the city of Sikasso (third administrative region of the republic of Mali).

Almoudou did not have the opportunity to progress far in his studies. Instead, he quickly learned to sew from his uncle, in Sikasso. He has now been working as a tailor for more than 30 years. His shop is located at the Grand Market in Sikasso, and most of his customers are male stallholders. Thanks to his vast experience in his field of work, he is held in high esteem by other tailors and he is the president of the Supervisory Committee of the A.T.S. (Association des Tailleurs de Sikasso), the Sikasso Tailors' Association.

In addition to his job as a tailor, Almoudou also buys sewing machines in Lomé (republic of Togo), as well as fabrics for men, which he resells to other tailors in Sikasso.

Eager to meet the increasing number of orders he receives, he is requesting this fourth loan from the microfinance institution Soro Yiriwaso, with which he has collaborated for about four years.

This new loan will allow him to buy 15 sewing machines and accessories and 30 pieces of fabrics, each measuring 1 x 3 meters.

Thanks to this loan, Almoudou is expecting monthly profits to reach 300,000 CFA francs, which will help him to cover most of his personal expenses, to contribute to his family's expenses and pay off his loan's interest. He will reinvest the rest of his money in his shop.
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Agé de plus 46 ans, Monsieur Almoudou est marié et père de 4 filles, il réside avec sa famille à Médine, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Almoudou n’ayant pas eu la chance d’avancer à l’école, s’est très vite initié depuis plus de trente années à la couture auprès de son oncle à Sikasso. Son atelier se situe au grand marché de Sikasso et la plupart de sa clientèle est composée des hommes surtout les forains. Avec une telle expérience dans le domaine, il jouit d’une parfaite confiance de la famille des tailleurs ce qui lui a valu la présidence du Comité de Surveillance de l’Association des Tailleurs de Sikasso (A.T.S.). En plus de la couture, il achète des machines à coudre à Lomé (république de Togo) et des tissus pour homme afin de les revendre aux tailleurs de Sikasso. Dans le souci de mieux satisfaire des commandes de plus en plus croissantes, il sollicite ainsi ce quatrième crédit auprès de l’institution de microfinance Soro Yiriwaso avec laquelle il est en partenariat il y environ quatre années. Ce nouveau crédit lui permettra d’acheter 15 machines à coudre et accessoires et 30 complets tissus.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 300 000 FCFA. Avec ces bénéfices réalisés, il compte résoudre l’essentielle de ses dépenses personnelles, contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son atelier.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 506.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Almoudou to buy some sewing machines and fabrics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 8, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014