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Hamidou
Hamidou is roughly 51 years old, with a wife and 5 children. He lives with his family in the city of Koutiala (Sikasso Region).

Due to social circumstances, he did not have the opportunity to get an education, which is why he began supporting himself through various income-generating activities at a young age, particularly purchasing, storing and selling grains. This business provides him with enough income, and demand is often much larger than his supply, because he receives a large number of customers every day.

Hamidou has been working with the microfinance institution Soro Yiriwaso for more than 7 years in order to be able to satisfy his customers and expand his business. This is his 8th individual loan, after having repaid the previous 7 loans without any issues. This loan will be used to stock up on grains. He gets his supplies in Koutiala and the surrounding areas, and sells his products wholesale and retail in Bamako and Koutiala.

With this boost to his working capital, Hamidou plans on earning a monthly income of 100,000 CFA Francs, which he will use to pay back his loan, support his family and invest in his business.
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Agé de 51 ans environ, HAMIDOU a une épouse et père de 5 enfants. Il vit avec sa famille dans la ville de Koutiala (Région de Sikasso).
Dû à des raisons sociales, il n’a pas eu la chance d’être instruit raison pour laquelle il s’est basé sur les activités génératrices de revenus depuis à bas âge notamment l’achat, stockage et vente de céréales. Cette activité lui procure assez de revenus, sa demande est souvent très grande par rapport à l’offre car il reçoit beaucoup de clients par jour. Pour la bonne satisfaction de sa clientèle et l’agrandissement de son activité, Monsieur HAMIDOU a fait recours à l’institution de micro finance Soro Yiriwaso depuis plus 7 ans. Il est à son 8ème prêt en individuel et les 7 précédents ont été remboursés sans difficulté. Ce prêt sera utilisé pour l’acquisition d’un stock de céréales. Il s’approvisionne à Koutiala et environnant, effectue sa vente à Bamako et Koutiala, en gros et en détail.
Avec le renforcement de son fonds de roulement, il compte réaliser un bénéfice mensuel de 100.000 FCFA qu’il utilisera pour le remboursement de son prêt, satisfaire les besoins de sa famille 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

  • $1,100
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 485.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD