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Lassine
Mr. LASSINE is 46 years old and lives with his eight children and wife in a traditional family in DONGORONA, a village in the sub-prefecture of Ouelessebougou, in Région de Koulikoro.

LASSINE did not have the chance to go to school. Early on, he became interested in revenue-generating businesses, especially in the buying, stocking, and selling of grains. He learned this business from his older brother, who excelled in the sector.

Concerned about satisfying his clearly growing customer base, he decided to collaborate with the microfinance institution Soro Yiriwaso. After having correctly repaid the third loan, he is on his fourth individual loan, which will be used to purchase 4 tonnes of grains (corn, millet, 'fonio') from peasant producers in and around DONGORONA that he will keep for at least three months. He essentially sells in bulk to a customer base composed of retailers from the big cities, such as Bamako.

LASSINE hopes to make an average monthly profit of 85,000 francs CFA that will be used to pay back the loan and to reinvest the rest in his business.
View original language description ↓
Monsieur LASSINE est âgé de 46 ans et vit avec ses huit enfants et son épouse dans une famille traditionnelle à DONGORONA, un des villages de la sous préfecture de Ouelessebougou, Région de Koulikoro.
LASSINE n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat stockage vente de céréales. Il a appris cette activité auprès de son grand frère, qui excellait dans le secteur.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le troisième prêt il est à son quatrième individuel qui servira à acheter, 4 tonnes de céréales (maïs, mil, fonio) auprès des paysans producteurs de DONGORONA et environnants qu’il gardera pendant au moins 3 mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako.
LASSINE espère réaliser un bénéfice moyen mensuel de 85.000 FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

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
  • 149
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 503.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lassine to purchase grains.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 30, 2013
Listed
May 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014