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Alou
Alou is a single 29-year-old tailor and dressmaker, who lives in the city of Koutiala. For social reasons, he was unable to pursue his primary education, which is why he became involved in sewing.

According to him, this business is very profitable and provides him with enough income, especially with the approach of Christmas. He gets a lot of orders per month.

For good customer satisfaction and to expand his business, Alou approached the Soro Yiriwaso microfinance institution where he is on his third individual loan.

This loan will be used to acquire sewing material: fabric, lace, embroidery threads. He runs his business at his sewing workshop in the city of Koutiala, for a mixed clientele, in cash and on credit.

With the expansion of his business, Alou expects to make monthly profits of 75,000 CFA francs he will use to repay loan interests, meet his personal needs and reinvest the remainder in his activity.
View original language description ↓
ALOU est un tailleur et couturier âgé de 29 ans, qui est célibataire, résidant dans la ville de Koutiala. Du à des raisons sociales, il n’a pas pu continuer ses études primaires raisons pour laquelle il s’est accroché à la couture. D’après lui, cette activités est très rentable et lui procure assez de revenus surtout à l’approche des fêtes. Il reçoit beaucoup de commande par mois. Pour la bonne satisfaction de sa clientèle et l’élargissement de son activité, ALOU a fait recours à l’institution de microfinance Soro Yiriwaso avec qui il est à son 3ème prêt individuel. Ce prêt servira à acquérir des matériels pour la couture : tissus, dentelles, fils de broderie. Il effectue son activité à son atelier de couture dans la ville de Koutiala à une clientèle mixte au comptant et à crédit. Avec l’élargissement de son activité, ALOU compte réaliser un bénéfice de 75 000 FCFA par mois, qu’il utilisera pour le remboursement des taux d’intérêts, subvenir à ses besoins 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.

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About Mali

  • $1,200
    Average annual income
  • 37
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 483.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Alou buy sewing material.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 2, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014