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Siaka
Mr. Siaka Koné is 30 years old and lives with his 3 children and wife in a monogamous household in Noumouso, one of the districts in the city of Kadiolo (in the Sikasso Region of the Republic of Mali).
After trying several business activities without success, he has specialized in the purchase and sale of cereal products (maize, sorghum, millets, rice, groundnuts, etc) for several years now.
In his search for supplementary financial resources in order to satisfy the needs of his increasingly growing clientele, he decided to join the credit program run by the microfinance institution Soro Yiriwaso, which whom he is seeking his first loan.
With this loan, he intends to buy 600kg of maize and 400kg of sorghum on-the-spot from the cereal producers in Kadiolo and in the surrounding villages, generally during the weekly fairs.
He most often re-sells the grains wholesale in cash to buyers who come from large cities such as Bamako (the capital of the Republic of Mali) or Sikasso. He also sometimes sells at retail in cash in the city of Kadiolo. The majority of his clientele consists of men.
He foresees realizing a monthly profit of 60,000 FCFA, which he will use to pay off the loan, investing the remainder in his business.
Monsieur Siaka Koné est âgé de 30 ans et vit avec ses 3 enfants et son épouse dans une famille monogame à Noumouso, un des quartiers de la ville de kadiolo (Région de Sikasso République du Mali).
Après plusieurs activités économiques sans succès, il s’est spécialisé dans l’achat vente des produits céréaliers(maïs, sorgho, mil, riz, pois de terre etc) depuis maintenant plusieurs années.
Dans ses recherches de ressources financières complémentaires afin de satisfaire les besoins de sa clientèle de plus en plus croissante, il décida d’intégrer le programme crédit de l’institution de microfinance Soro Yiriwaso avec qui il est à sa prémière expérience
Avec ce prêt, il compte acheter 600kg de maïs et 400kg de sorgho sur place à Kadiolo et dans les villages environnants généralement les jours de foires hebdomadaires auprès de producteurs céréaliers.
Il les revend le plus souvent en gros au comptant aux achéteurs qui viennent des grandes villes telles Bamako(capitale de la république du Mali) ou Sikasso et quelques fois en détail et au comptant dans la ville de Kadiolo. La plupart de sa clientèle est constituée d’hommes.
Il envisage réaliser un bénéfice mensuel de 60 000 FCFA qu’il utilisera pour payer les intérêts du prêt et investir le reste dans ses affaires.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 446.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Siaka to buy cereals (maize and sorghum).
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 21, 2008
Listed
Sep 7, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009