Check out some available loans that are similar to this one!
Cheick Oumar
Mr. Cheick Ouma, aged 27, is unmarried and lives at his father house in a large traditional family in Hamdallaye, a working-class district in Sikasso City (3rd administrative region of the Republic of Mali). Mr. Cheick Ouma did not have the chance to go far in school. Along side his brother in Sikasso, he soon became familiar over the years with selling replacement parts for automobiles. His store is located at the new market Médine Sikasso. Most of his customers are men, especially fair-goers. With such experience in this domain, he enjoys the complete trust of his customers. He purchases his merchandise and then resells the goods to them.

Concerned about satisfying the burgeoning orders, he is therefore requesting this second loan from the microfinance institution Soro Yiriwaso, where he has been in a partnership for about a year. The previous loan was correctly paid back.

This second loan will enable him to purchase 15 pairs of hubcaps, 10 pairs of cushions, 30 wheel rims of different qualities, and 5 extinguishers in Lomé (Republic of Togo). His customer base is composed of garage operators and individuals in Sikasso.

With this loan, he envisions making a monthly profit of 90,000 francs CFA. With the profits earned, he plans on resolving the most important of his personal expenses, help with family expenses, and pay back the loan with interest. The rest is for investing in his store.
View original language description ↓
Âgé de plus 27 ans, Monsieur Cheick Oumar est célibataire résidant chez son père dans une grande famille traditionnelle à Hamdallaye, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Cheick Oumar n’a pas eu la chance d’avancer à l’école, il s’est très vite initié depuis des années à la vente des pièces détachées auto auprès de son frère à Sikasso. Sa boutique se situe au nouveau marché de médine Sikasso et la plupart de sa clientèle est composée des hommes surtout les forains. Avec une telle expérience dans le domaine, il jouit d’une parfaite confiance des clients il achète des marchandises et afin de les revendre Dans les souci de mieux satisfaire des commandes de plus en plus croissantes, il sollicite ainsi ce deuxième crédit auprès de l’institution de microfinance Soro Yiriwaso avec laquelle il est en partenariat il y environ un an, le prêt précédent a été correctement remboursé.
Ce deuxième crédit lui permettra d’acheter 15 paire enjoliver 10 paires de coussin 30 jantes de qualité différentes, 5 extincteurs, à Lomé (république de Togo). Sa clientèles est constituée de garagistes et particuliers de Sikasso.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 90 000 FCFA. Avec ces bénéfices réalisés, il compte résoudre l’essentielle de ses dépenses personnelles, contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son magasin.

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
  • 156
    View loans »
    Mali Loans Fundraising
  • $11,265,850
    Funds lent in using Kiva
  • 494.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Cheick Oumar to purchase replacement parts for automobiles to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 12, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014