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Ali
Mr. Ali is a 39-years old married man and a father with three children. He resides with his wife and children at his father's house in the Dialanicoro district of Bougouni. Not having had formal schooling, he soon started revenue-generating businesses.

For years, Mr. Ali was a livestock merchant. He had also tried buying and selling spare parts without success. This is why he decided to follow his friend in order to learn about selling grains. With over six years of experience, he is mastering this business.

To expand his enterprise he decided to take out a Soro Yiriwaso loan to purchase a half-tonne of corn and 2 tonnes of rice produced locally.

He gets his supplies in Bougouni and in surrounding villages, but also in Wassoulou, and then he resells the goods at the Bougouni market, and some in Yanfolila. His customer base is mixed.

He is on his fourth loan with Soro Yiriwaso. All the previous loans were paid back correctly. With this loan, he envisions making a monthly profit of 85,000 francs CFA that will be used to cover his expenses, pay the loan interest, and expand his enterprise.
View original language description ↓
Monsieur Ali est un homme marié de 39 et père de 3 enfants. Il réside avec sa femme et ses enfants chez son père dans le quartier Dialanicoro de Bougouni.
N’ayant pas fréquenté l’école moderne, très vite il commença des activités génératrices de revenus.
Monsieur Ali fut pendant des années un commerçant des bétails. Il avait aussi tenté l’activité d’achat et la vente de pièces détachées sans réussite. C’est ainsi qu’il décide alors de suivre son ami pour apprendre la vente de céréales
Avec une expérience de plus de 6 années, il maîtrise son activité.
Pour agrandir son entreprise, il décida de prendre un prêt avec Soro Yiriwaso pour acheter 1/2 tonne de maïs et 2 tonnes de riz de production locale.
Il s’approvisionne à Bougouni et dans les villages environnants mais aussi dans le Wassoulou pour ensuite les revendre dans le marché de Bougouni et une partie à Yanfolila sa clientèle mixte.
Il est à son quatrième prêt avec Soro Yiriwaso. Tous les prêts précédent ont été correctement remboursés
Avec ce prêt il envisage réaliser un bénéfice mensuel de 85 000 FCFA. Qui servira à subvenir à ses dépenses, payer les intérêts du prêt et à agrandir son entreprise..

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $11,465,250
    Funds lent in using Kiva
  • 508.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD