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Mohamed
Mohamed is 28 years old and lives with his child and his wife in the quarry neighborhood of the Baya community in the Selingue prefecture of the Sikasso region. He did not have the opportunity to attend school. He became interested in business early on, specifically in the purchase and sale of shop merchandise, rice, and other various items. He learned this business from his maternal uncle, who was once a large shopkeeper selling various items.

Due to the concern of satisfying his customers' growing needs, he decided to partner with Soro Yiriwaso. He is on his fourth individual loan which he will use to purchase various items from wholesalers in Bamako which he will then resell at retail in his neighborhood and surrounding villages, for cash and for credit, to a customer base made up of men and women.

Mohamed hopes to earn an average monthly profit of 85,000 francs CFA, which he will use to repay the loan and to reinvest the remainder in his business.
View original language description ↓
Monsieur MOHAMED est âgé de 28 ans et vit avec son enfant et son épouse dans le quartier carrière de la commune de BAYA sous préfecture de SELINGUE, Région de SIKASSO.
MOHAMED n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat vente des marchandises de boutique, riz et autres articles divers. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand commerçant d’article divers.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Il est à son quatrième prêt individuel qui servira à acheter d’article divers auprès des grossistes de BAMAKO qu’il revend en détail dans le quartier et dans les villages environnants à crédit et au comptant à une clientèle mixte.
MOHAMED espère réaliser un bénéfice moyen mensuel de 85.000. 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
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,992,325
    Funds lent in using Kiva
  • 484.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mohamed to purchase various items.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 11, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014