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Zoumana
Zoumana, age 42, has two spouses and is the father of three children. He lives with his family in Koutiala (Sikasso Region). For social reasons, he didn't get the chance to receive an education, which is why he's been relying on money-earning businesses since his younger age.

He excels in buying and selling store products and cereals, a business which provides him with enough income, because he has a lot of customers every day.

To ensure his clientele is satisfied and expand his business, he joined Kiva's partner, the MFI Soro Yiriwaso, five years ago. He's seeking his eighth personal loan. The previous ones were repaid without problems.

This loan will be used to buy a stock of various products (cooking oil, sacks of sugar, cooking salt, powdered milk, boxes of tea, and sacks of cereals). He gets his supplies from wholesalers in Koutiala, and sells at his shop, for cash, to a mixed-gender clientele.

After increasing his working capital, he intends to turn a monthly profit of XOF 150'000 (ca US$ 300), to be used to repay the loan and provide for the needs of his family. The remainder will be reinvested in his business.
View original language description ↓
Agé de 42 ans environ, Zoumana a deux épouses et est père de 3 enfants. Il vit avec sa famille dans la ville de Koutiala (Région de Sikasso). Dû à des raisons sociales, Zoumana n’a pas eu la chance d’être instruit raison pour laquelle il s’est basé sur les activités génératrices de revenus depuis à bas âges. Il excelle dans les activités d’achat et de vente des articles de boutique et de céréales qui lui procure assez de revenus, car il reçoit beaucoup de clients par jour. Pour la bonne satisfaction de sa clientèle et l’agrandissement de son activité, il a fait recours à l’institution de micro finance Soro Yiriwaso depuis plus 5 ans. Il est à son 8ème prêt individuel dont les précédents ont été remboursés sans difficulté. Ce prêt sera utilisé pour l’acquisition d’un stock de diverses marchandises (huile alimentaire, sacs de sucre, de sel de cuisine, de lait en poudre, cartons de thé, et des sacs de céréale. Il s’approvisionne auprès des grossistes de Koutiala et effectue sa vente dans sa boutique à une clientèle mixte au comptant.
Avec le renforcement de son fonds de roulement, il compte réaliser un bénéfice mensuel de 150.000 FCFA qu’il utilisera pour le remboursement de son prêt, satisfaire les besoins de sa famille et investir le reste dans son activité.

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 492.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Zoumana to buy cooking oil, sugar, salt, powdered milk, tea, and cereals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 10, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014