Check out some available loans that are similar to this one!
Drissa
Born in December 1965 in Godiarala, in Commune de Farako, Mr. Drissa lives in FAKOLA City (Sub-prefecture of the 3rd administrative region of the Republic of Mali) with his five children and wife in a nuclear family. Mr. Drissa soon became interested in revenue-generating businesses, especially the buying and selling of grains (corn, sorghum), peanuts, beans, etc. He is much in demand at the market, particularly when the fair is in town.

With six good years of experience in this domain, he is collaborating with the microfinance institution Soro Yiriwaso to increase his capital in order to satisfy his customer base, which is ever-growing. He is now on his seventh loan after having repaid the previous ones.

Drissa intends to use his loan to purchase 1½ tonnes of millet. He gets his supplies from the producers in neighboring villages. At the market, he makes his sales retail and in bulk to a customer base composed of men and women paying cash and sometimes on credit.

Drissa hopes to make an average monthly profit of 100,000 francs CFA that will be used to meet family needs, repay the loan, and reinvest the rest in his business.
View original language description ↓
Né en Décembre 1965 à Godiarala dans la commune de Farako, Drissa réside à FAKOLA - ville (Sous-Préfecture de la 3ème Région administrative du Mali) avec ses 5 enfants et sa femme dans une famille nucléaire.
Mr Drissa s’est vite intéressé aux activités génératrices de revenus notamment à l’achat vente des céréales (maïs, sorgho) arachide, haricot, etc. Il est très sollicité au marché et surtout le jour de foire.
Fort de ses 6 années d’expériences dans le domaine, il collabore avec Soro Yiriwaso pour augmenter son fonds de commerce afin de satisfaire sa clientèle qui ne cesse de grandir et est à son septième prêt, après avoir remboursé les prêts précédents.
Drissa compte utiliser son prêt pour acheter des 1 tonne et demi de mil. Il s’approvisionne chez les producteurs dans les villages avoisinants. Il effectue ses ventes en gros, en détail au comptant et quelques fois à crédit au marché à une clientèle composée d’hommes et de femmes.
Drissa espère réaliser un bénéfice mensuel de 100.000FCFA qui sera utilisé pour subvenir aux besoins de la famille, rembourser le prêt et réinvestir 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
  • 25
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Drissa to purchase grains.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 10, 2013
Listed
Jul 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014