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Adama
Mr. Adama is a blacksmith. He was born circa 1970 in Fanterela, in Sikasso Cercle. He's the father of twelve children and lives in a large family in Fanterela (third administrative region of the Republic of Mali).

His business, which he has been running for more than 30 years, consists in making and selling farming tools: adzes, hoes, pickaxes, … as well as water buckets, watering cans, ...

His experience in this field earned him a good reputation and he gets orders from a diverse clientele. In order to have the resources required to satisfy his customers, he's been working with Kiva's partner, the MFI Soro Yiriwaso, for seven years. Previous loans were repaid without problems.

This new loan will enable him to buy iron to transform into various tools such as adzes, hoes, buckets, and watering cans. He gets his iron supplies in Bamako and in Sikasso.

He usually sells to a clientele comprising both men and women, in his village and at the market in the surrounding villages in Fanterela and Sikasso.

With this loan, he foresees turning an average monthly profit of XOF 75'000 (ca US$ 150), which will enable him to repay the loan and interest. The remainder will be reinvested in his business.
View original language description ↓
Mr Adama est un forgeron né vers 1970 à Fanterela Cercle de Sikasso. Il est père de 12 enfants et vit dans une grande famille à Fanterela (troisième région administrative de la république du Mali).
Il mène des activités de fabrication et ventes de matériels agricoles : daba, houe, pioche etc ainsi que des seaux d’eau, des arrosoirs etc depuis plus de 30 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, il ya 7 ans maintenant, les prêts antérieurs ont été correctement remboursés.
Ce nouveau prêt lui permettra d’acheter du fer qu’il transformera en divers matériels tels que daba, hou, seaux, et arrosoirs. Il s’approvisionne en fer à Bamako ainsi qu’à Sikasso . Les ventes sont généralement faite à une clientèle composée d’hommes et de femmes sur place et au marché des villages environnent de Fanterela et de Sikasso.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 75 000 francs CFA par mois. Ce bénéfice lui permettra de payer les intérêts de son prêt 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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 498.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Adama to buy iron to make and sell various tools.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014