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N’To
N’TO is 45 years old and lives with his seven children and spouses in Dienfing, which is located in the Ouelessebougou sub-prefecture, Koulikoro region.

N’TO did not go to school. Very early on, he became in interested in revenue generating activities - namely buying, stocking, and selling cereals. He learned this business from an uncle on his mother's side who was a cereal merchant.

With the hope of satisfying his client base, which is clearly growing, he decided to work with Soro Yiriwaso. After having properly repaid his six previous loans, this is his seventh individual loan, which will help him buy four tons of cereal and agricultural products such as: corn, beans, millet, and fonio (a West African grain). He buys his supplies from the peasant farmers in and around Dienfing, and he will keep these supplies for at least 3 months.

He sells mostly at wholesale prices to clients who are resellers from large cities like Bamako and Ouelessebougou. N’TO hopes to earn an average monthly income of 100,000 FCFA, which he’ll use to reimburse the loan and to reinvest in his business.
View original language description ↓
N’TO est âgé de 45 ans et vit avec ses sept enfants et ses époux à DIENFING dans la sous préfecture de OUELESSEBOUGOU, Région de KOULIKORO.
N’TO 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 stockage vente de céréales. Il a appris cette activité auprès de son oncle maternel, qui fut commerçant de céréales.
Dans le souci de satisfaire sa clientèle en nette croissance, il décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le six prêts précédents, il est à son septième prêt individuel qui servira à acheter, 4 tonnes de céréales et produits agricoles composé de : maïs, haricot, mil et fonio auprès des paysans producteurs de DIENFING et environnants qu’il gardera pendant au moins 3 mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako, OUELESSEBOUGOU.
N’TO espère réaliser un bénéfice moyen mensuel de 100 000 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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 483.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped N’To to buy cereals and agricultural products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 3, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014