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Sidi
Mr Sidi was born in 1979 in Lofigué, Kadiolo Cercle, Sikasso Region (third administrative region of the republic of Mali). He lives in a monogamous family in Noumousso, a neighborhood in Kadiolo.

He's been buying and selling gasoline and lubricants from more than five years. His experience in this field earned him a good reputation and he gets orders from various customers.

In order to have the resources required to satisfy his customers, he works with Kiva's parter, the MFI Soro Yiriwaso, from which he is seeking his third personal loan. Previous loans were repaid without problems.

This new loan will enable him to buy 400 liters of gasoline. He gets his supplies in Kadiolo and in Zégoua, and resells in Kadiolo and in Siama. His clientele comprises both men and women.

Thanks to this loan, he foresees turning an average monthly profit of XOF 75'000 (ca US$ 150). This will enable him to repay his loan. The remainder will be reinvested in his business.

He intends to become a well-known wholesaler in order to meet an ever-increasing customer demand.
View original language description ↓
Mr SIDI est né en 1979 à Lofigué, cercle de Kadiolo, Région de Sikasso (troisième région administrative de la république du Mali). Il vie dans une famille monogame à Kadiolo dans le quartier Noumousso.
Il mène des activités d’achat et de vente de carburant et lubrifiants depuis plus de 5 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et 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 avec qui il est à son 3eme prêt individuel. Les prêts précédents ont été correctement remboursés.
Ce nouveau prêt lui permettra de faire d’acheter 400 litres d’essence. Il s’approvisionne à Kadiolo et à Zégoua 10 jours. Les ventes sont faites à Kadiolo et à Siama. Sa clientèle est composée d’hommes et de femmes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 75 000 francs CFA par mois. Ce bénéfice lui permettra de faire face au remboursement des échéances de son prêt et investir le reste dans son activité.
Il compte devenir un grossiste de bonne renommée à fin 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
  • 68
    View loans »
    Mali Loans Fundraising
  • $10,809,225
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Sidi to buy gasoline.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014