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Ousmane
Ousmane is a 43-year-old married man and a father of five children. He lives with his wife and their children in Bougouni, in the Heremakono Nord neighborhood. After Koranic school, he was unemployed for a long time. So, after some reflection, he decided to learn from his uncle the business of selling electronics.

He has been conducting this type of business [now] for more than five years. In order to increase his business, he decided to join Soro Yiriwaso's loan program, which he heard about from a customer. He has taken out three loans and they have all been correctly repaid.

With this new loan, he plans to buy 40 radios, 10 flashlights, and some packets of batteries. He procures his goods in Bamako and he sells his products in different markets in Bougouni. He serves a mixed group of customers.

With this loan, he hopes to earn an average monthly income of 45,000 francs CFA, which will be used to support his family's needs and to repay the loan.
View original language description ↓
Monsieur Ousmane est un homme marié de 43 ans et père de 5 enfants qui vit avec sa femme et ses enfants à Bougouni, dans le quartier Hérémakono Nord.
Après l’école coranique, il est resté longtemps sans emploi.
C’est ainsi qu’après mure réflexion, il décide d’apprendre auprès de son oncle la commercialisation des appareil électroniques.
Avec une expériences de plus de 5 ans, il maîtrise son activité.
Dans le cadre du renforcement de ses activités, il décide d’intégrer le programme de crédit de Soro Yiriwaso qu’il a connu à travers une cliente pour prendre un prêt. Il a pris 3 prêts et tous ont été bien remboursé. Avec ce nouveau prêt il compte acheter 40 radios, 10 torches et quelques cartons de piles.
Il s’approvisionne à Bamako et la vente se fait dans les différents marchés de Bougouni. Sa clientèle est mixte. Avec ce prêt, il compte réaliser un bénéfice mensuel de 45 000 FCFA qui sera utilisé pour subvenir aux besoins de la famille et rembourser le 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

  • $1,200
    Average annual income
  • 42
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 497.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ousmane to buy a variety of products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014