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Oumar
OUMAR, age 36, lives with his wife and their three children in the sub-prefecture of KANGARE, region of SIKASSO.

OUMAR did not get to go to school. He became interested in welding at an early age, and learned this trade from his maternal uncle who used to be a renowned welder in OUELESSEBOUGOU.

To meet the needs of a growing customer base, he joined the microfinance institution Soro Yiriwaso. This is his second loan cycle with the MFI, and he plans to use this credit to buy the raw materials needed for welding (sheet metal, rods, iron bars) from wholesalers in BAMAKO. He transforms this material into doors and windows, which he sells to a mixed clientele in OUELESSEBOUGOU, cash or credit.

OUMAR expects to earn an average monthly profit of 125,000 FCFA, which he will use to repay his loan and to invest in is activity.
Monsieur OUMAR est âgé de 36 ans et vit avec son épouse et ses trois enfants dans la sous préfecture de KANGARE, Région de SIKASSO.
OUMAR n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa à la soudure. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand soudeur à OUELESSEBOUGOU.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Il est à son deuxième prêt individuel qui servira à acheter de la matière première pour la soudure (tôles, baguettes, barres de fer) auprès des grossistes de BAMAKO qu’il transforme en porte et fenêtre et revend aux clients de OUELESSEBOUGOU à crédit et au comptant à une clientèle mixte.
OUMAR espère réaliser un bénéfice moyen mensuel de 125.000. FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste 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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 498.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Oumar to buy welding materials.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014