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Bakary

Mr. Bakary C. is 31 years old, married to two women, has 3 children, and lives in the Dugu district, Cora de Pelengana, Ségou, in a polygamous household.

He abandoned his studies very early on due to socio-economic reasons. He quickly entered the economic world by helping his parents in their business. Bakary himself opted for the sale of gas-oil (fuel oil) next to his parents.

After more than 15 years of experience in this field, he has a heightened business sense and specifically a mastery of the sale of hydrocarbons.

He supplies himself generally on the spot in Ségou, and sometimes in Togo (a neighbouring country in West Africa).

He makes his sales next to the main road in the town of Ségou, and his clientele is composed of taxi and minibus drivers and of retailers in the neighbouring villages.

To obtain financial resources in order to meet the demands of his customers, he took part in the loan program of Soro Yiriwaso by asking for an individual loan.

He intends to use this loan to buy 4 barrels of gas-oil, 5 metres of piping, and 10 empty barrels.

Thus, with this new loan, he intends to realize a monthly profit of 300,000 CFA. With this profit, he will contribute to the running expenses of his family.

In the future, he hopes to open a service station (to sell gasoline, gas-oils, lubricants, etc.)

Translated from French by Vilas Menon, Kiva Volunteer



Monsieur Bakary C. est âgé de 31 ans marié à deux femmes, père de 3 enfants ; et résidant au quartier Dugu cora de pelengana Ségou dans une famille polygame.

Il abandonna très vite l’école pour des raisons sociales .Il s’insère rapidement dans le tissu economique en aidant ses parents à faire du commerce. Bakary lui, opte pour la vente du gas-oil à côté d’un de ses parents.

Après plus de 15 années d’expérience dans ce créneau, il a un sens élevé des affaires et surtout la maîtrise de la vente des hydrocarbures.

Il s’approvisionne très généralement sur place à Ségou et quelques fois au TOGO (un pays côtier de l’Afrique de l’ouest).

Il effectue ses ventes au bord de l’avenue principale de la ville de Ségou et sa clientèle est composée de chauffeurs : de taxis, de minibus ; et de boutiquiers (revendeurs) des villages environnants

Pour obtenir des ressources financières afin de faire face aux demandes de la clientèle, il adhère le programme de crédit de Soro Yiriwaso en demandant un prêt individuel.

Il compte utiliser ce prêt pour acheter 4 barils de gas-oils, 5 mètres de raccord et 10futs vide.

Ainsi avec ce nouveau prêt, il compte réaliser un bénéfice mensuel 300 000 CFA. Avec ce bénéfice, il contribuera aux dépenses courantes de la famille.
Dans l’avenir il compte ouvrir une station service ( : vente d’essence, de gas-oils, de lubrifiants, etc.)

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 418.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Bakary to buy barrels of gas-oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 19, 2008
Listed
Jun 29, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009