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Issouf
Mr ISSOUF was born around 1969 in Gningoni Cercle de Sikasso. He lives in a nuclear family with his children and his spouse in Kadiolo in the neighborhood called Noumousso (third administrative region of the Republic of Mali).

His business has been buying, stocking and selling cereals for seven years. His experience in this domain affords him a good reputation and he gets orders from various clients. Thus, in order to have at hand the resources to satisfy his clients, he collaborates with the microfinance institution Soro Yiriwaso. He is on his sixth loan and the five prior loans were correctly reimbursed.

This loan will allow him to buy around 30 sacks of 50 kg of cereals: millet and maize. He buys his stock in Kadiolo and Zégoua. His sales are made in Kadiolo. The cereals he buys are stocked in his warehouse in Kadiolo for a good while. His clientele is composed of men and women from the village.

With this loan, he expects to make an average monthly profit of 80,000 F CFA each month. This profit will allow him to pay the interest on his loan and reinvest the rest in his activity. He intends to become a wholesaler so that he can satisfy the needs of his ever-growing and numerous clientele.
View original language description ↓
Mr ISSOUF est né vers 1969 à Gningoni Cercle de Sikasso. Il vie dans une famille nucléaire avec ses enfants et son épouse à Kadiolo dans le quartier Noumousso (troisième région administrative de la république du Mali).
Il mène des activités d’achat stockage vente de céréales depuis plus de 7 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et il reçoit des commandes de divers clients. Ainsi pour avoir les ressources nécessaires afin de satisfaire ces clients, il collabore avec l’Institution de Micro Finance Soro Yiriwaso. Il est à son 6eme prêt et les cinq prêts précédents ont été correctement remboursés.
Ce prêt lui permettra de faire l’achat d’environ 30 sacs de 50 kg de céréales constituée de mil et de maïs. Il s’approvisionne à Kadiolo et à Zégoua. Les ventes sont faites à Kadiolo. Les céréales achetées sont stockées dans son magasin à Kadiolo pendent une bonne période. Sa clientèle est composée d’hommes et de femmes du village.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 80 000 francs CFA par mois. Ce bénéfice lui permettra de payer les intérêts de son prêt et investir le reste dans son activité.
Il compte devenir un grossiste afin de satisfaire ses nombreux clients qui ne cessent de croître

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
  • 64
    View loans »
    Mali Loans Fundraising
  • $10,449,750
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Issouf to buy cereals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014