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Souleymane
Mr. Souleymane, age 25, is single without children. He lives in his father’s home in Bougouni, in the district of Faraba. After his studies, Souleymane remained unemployed for several years. All his expenses were covered by his father. He decided to attempt commercial activities. With a bit of help from his father, he started to buy and sell mobile phones and accessories, a business that he learned from a friend. With five years of experience, he now has a good command of his activity.

To maintain a steady working capital, he is seeking a new loan with the Soro Yiriwaso MFI, to which he was introduced through his father. He will use the credit to buy 18 mobile phones of various brands, and a variety of accessories (skin cases, batteries, chargers). This is his second loan with Soro
Yiriwaso. The first one was correctly repaid.

Souleymane buys his stock in Bamako, the capital of the Republic of Mali. With this loan, he expects to earn a monthly profit of 50 000 FCFA. He plans to expand his business, to help his father with the household expenses, and to pay the loan interest.
Monsieur Souleymane est un célibataire de 25 ans qui n’a pas d’enfant. Il vit chez son père à Bougouni dans le quartier Faraba.
Après ses études, Monsieur Souleymane est resté pendant des années sans emploi. Toutes ses dépenses étaient assurées par son père. Devant cette situation il décide de faire le commerce. Après avoir eu un petit à travers son père il se lance dans l’achat et la vente des téléphones portables et accessoires. Il a appris cette activité auprès de son ami. Avec une expérience de 5 ans, il maîtrise son activité.
Pour avoir un fonds de roulement consistant il décide de prendre un autre prêt avec Soro Yiriwaso qu’il a connu à travers son père pour acheter 18 téléphones portables de plusieurs marques et le reste de l’argent est réservé à l’achat des autres accessoires (façades, batteries et chargeurs). Il est son deuxième prêt avec Soro Yiriwaso, le précédent ayant été correctement remboursé. Il s’approvisionne à Bamako capitale de la république du Mali.
Avec ce prêt, il compte réaliser un bénéfice mensuel de 50 000 FCFA. Il envisage d’agrandir son entreprise et aider son père à assurer les dépenses de la famille et à payer les intérêts du prêt.

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
  • 28
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 508.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD