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Mamoudou Garba
Mamoudou Garba is over 39 years old, married to 2 women and the father of 4 children. He lives with his wife and children in a nuclear family in Lafiabougou, one of the popular districts of Sikasso town (3rd administrative region of the Republic of Mali). Having tried several businesses without success, Mamoudou Garba started a rotisserie business (selling roast sheep and goats) 18 years ago. He joined the Soro Yiriwaso MFI over a year ago in order to be able to satisfy his growing clientèle and is on his 2nd loan.

Mamoudou Garba plans to use this new loan to buy 10 sheep and 10 goats from the villages surrounding Sikasso town. He keeps the animals at his place of business before killing them, roasting them and reselling them to a clientèle made up of heads of family. Thanks to this loan, he expects to make a monthly profit of 90 000 francs, part of which will be used to cover the family expenses and pay the interest on his loan and part of which will be reinvested in his business.
Monsieur Mamoudou Garba est âgé de plus de 39 ans marié à deux femmes et père de quatre enfants domicilié avec ses femmes et ses enfants dans une famille nucléaire à Lafiabougou un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Monsieur Mamoudou Garba après avoir mené beaucoup d’activité sans succès, s’est initié à cette activité de Rôtisseur (vente des moutons et chèvres rôtis) il y a maintenant dix huit ans. Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, il décide de rejoindre l’institution de microfinance Soro Yiriwaso il y a maintenant plus d’une année et avec qui il est à son deuxième prêt .
Avec ce nouveau prêt il compte acheter 10 moutons, 10 chèvres en provenance des localités environnantes de Sikasso. Ces marchandises sont d’abord stockées dans sa rôtisserie afin d’être abattus et revendus en rôtis à une clientèle composée des chefs de famille.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 90 000 FCFA qui sera utilisé pour contribuer aux dépenses familiales, 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
  • 157
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 479.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Mamoudou Garba to buy sheep and goats for his rotisserie business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 9, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014